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14.03.202213:12 Forex Analysis & Reviews: Trading tips for EUR/USD

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Exchange Rates 14.03.2022 analysis

EUR/USD is in a very interesting situation. Sellers are currently trapped at the technically competent, but, unfortunately, the only possible support-resistance level of 1.11.

Exchange Rates 14.03.2022 analysis

The pair is also at that level in the hourly chart.

Exchange Rates 14.03.2022 analysis

This means that traders should avoid taking short positions, especially with a stop loss at 1.11. Meanwhile, long positions should have stop loss at 1.11.

Good luck and have a nice day!

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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