After breaking from the top of the trend line, the beginning of which is in the low with a 10-March, the price has tested it yet from the bottom, this time as resistance. Following that, the EUR/USD began to slide, and the sale led to a descent into horizontal support at 1.1205.

The weakening of the euro may also be related to the events in Belgium, where at the airport there was a series of explosions.

If the price will remain under support at 1.1205, it may be that today the tendency by the end of the session will be downward and remains to consider the option to decline PUT. False breakout of this support and dynamic back above, negates the pro-downward bias on this pair.

0322-EURUSD


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