Forex EUR/USD Daily Video, March 20, 2023

[Sive Morten]

Greetings everybody,

EUR bearish signs become more evident. Our plan is to wait for exhausting of upside intraday action and then consider short entry chances, supposedly from 1.07 or 1.0740 areas:

 

[Venelin]

I still keep in mind Week BnB Buy with 5/8 retracement target of 1.0840

 

[Sive Morten]

I still keep in mind Week BnB Buy with 5/8 retracement target of 1.0840

Yeah, but if even EUR hits 1.0430, it will be not quite a B&B, as it is too long under 3x3 DMA already now. Some kind of momentum trade, still...

 

[soul rebel]

I'm keeping an eye on the DXY in case it reaches 5/8 support at 10242 by Wednesday which could give us a nice looking AB=CD action on 4hr chart to OP 10225, perhaps EUR bulls will have a last attempt to push price to the 10840 area...another indication when comparing price action on GBP we have seen last Wednesday's drop erased on cable and a new top in place