EURUSD Technical Outlook


On the monetary policy front, European Central Bank (ECB) President Mario Draghi will deliver a speech at 08:00 GMT. Meanwhile, how is the EURUSD pair trading? Learn this fro the 14 March EURUSD Technical Outlook.

14 March, OctaFX – The euro has moved above the 1.2400 level against the greenback, following President Donald Trump firing of U.S Secretary of State, Rex Tillerson. The EURUSD pair yesterday broke from recent narrow trading-ranges on the news, and now looks to further bullish advancement above the key 1.2430 resistance level.

EURUSD traders now look to the release of monthly CPI inflation figures from the German economy, and a key speech from ECB President Mario Draghi during today’s European session.

14 March EURUSD Technical Outlook

  • The EURUSD pair is strongly bullish whilst trading above the 1.2400 level, further upside towards the 1.2430 and 1.2510 levels seems possible.

  • Should the EURUSD pair move below the 1.2400 level, we may see a correction towards the 1.2382 and 1.2367 support levels.

Disclaimer

This article about 14 March EURUSD Technical Outlook was provided by OctaFX. It should substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

Also, speculative trading is a challenging prospect, even to those with market experience and an understanding of the risks involved.

    Share Your Opinion, Write a Comment