Market sessions
Daily analytical report (20/03/19)
Trading on the market has been pretty tough recently. Prices are not moving in trends, they often change direction, and we’re seeing a lot of false breakouts. However, false breakouts can also provide great trading opportunities and that is what we will focus on in this analysis.
Market sessions
EURUSD: pair caught on the balance line
On Tuesday the 19th of March, trading on the euro closed up. If you ask me, it looks like the pair spent the day in a sideways trend. While the euro strengthened throughout the European session without any serious pullbacks, volatility was higher during the US session. Market participants are a bit shaky ahead of the upcoming Fed decision.
Market sessions
EURUSD: triangle formation keeping the bears at bay
On Monday the 18th of March, trading on the euro closed slightly up. During the European session, the bulls pushed the pair up to 1.1359 on the back of the weak US data released last week. The dollar partially recovered its losses in the US session and the EURUSD pair returned to the balance line.
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