Outlook on EURUSD: Bullish play seen

Mar 18, 2022

On the H2 time frame, prices are showing bullish order flow, with the break of the recent high where we could see a deeper pullback into the daily leg before prices continue to the downside. A pullback to the support zone at 1.10000, in line with the ascending trend line, 61.8% Fibonacci retracement and 61.8% Fibonacci extension provides an opportunity to play the bounce up to our daily resistance target at 1.1288, in line with the 78.6% Fibonacci retracement.