FX.co - Review for EUR/USD on March 10: upward reversal is possible.

2021-03-10T09:43:04

Relevance until2021-03-11

EUR/USD

Euro may turn up, following the sharp rise in the US market yesterday.

The S&P 500 jumped by 1.5%, while the NASDAQ Composite soared by 2.5%.

Apparently, investors have recovered from the shock of rising yields and are ready to drive the market to new highs.

For now, open short positions from 1.1990.

Buy when price pulls back at 1.1917.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Jozef Kovach

FX.co ★ Review for EUR/USD on March 10: upward reversal is possible.