EURUSD Technical Analysis and Key Levels 03-28-2018

Yesterday our harmonic patterns worked well and the pair made a retracement of 100 pips.

On the H4 Chart, the price is above EMA 50, EMA 100 and EMA 200.

Key Levels of today:

On the upside: 1.24200, 1.24500, 1.24800 and 1.25120

On the downside: 1.23900 1.23590 1.23300

Break below 1.23300 will change the shortterm trend and price will be under bearish pressure.

Above 1.25120, the target of the pair will be 1.26000.

We have a bearish black swan pattern which would be completed at D 1.26050 – 1.261500.

We would be focusing on this pattern to short.