FX.co ★ EUR/USD analysis for 03.13.2020 - Potential for bigger drop towards the level of 1.0820

Technical analysis:

EUR/USD did reject of the solid resistance at the price of 1.1220.I would watch for selling opportunities on the rallies uwith potential downward targets at 1.1060 and 1.0820.

MACD oscillator is showing downside cycle and the slow line is bearish, which is confirmation that downside pressure is still active.

Resitance level is now set at the prrice of 1.122

Important pivot support is set at the price of 1.1060.