Technical Analysis of the EUR/USD Pair for March 21

After yesterday's Federal Reserve decision on the interest rate, we observed a large rising candle to the level of 1.1445. After that, the pair went into a correction when the bulls decided to take profits. The pair overcame several resistance levels at once and has now returned to the level of 1.1410.


Today there will be a summit of EU leaders, which will be able to increase volatility in the pair and help it pass some levels faster.

We believe that the correction for the pair can send the price to the levels of 1.1350 and 1.1320. Therefore we advise you to take short positions and set a take-profit near the above levels.