Forex EUR/USD Daily Video, March 23, 2023

[Sive Morten]

Good morning,

Recent Fed decision is mostly supportive to EUR performance, so, we suggest that upside action could continue next week and consider 1.1170 as nearest target. This week we're mostly focused on pullback to 1.0770 area, but do not consider any bearish positions:

 

[soul rebel]

watching this price action, as you have talked about potential head & shoulder pattern, it has appeared although not perfect. The target of the H&S coincides with previous resistance line on the hourly chart and is also the XOP destination of the downward AB-CD 10806, looking attractive for long entry perhaps