EURUSD analysis 12.03.2020

The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving average and in the range of the round important level of 1.1300. The descending truncated H1 level pattern ended with the breakout of the inclined channel (aC M30). Breaking through the resistance level of 1.1334 will result in the formation of an M30 level uptrend within the overall uptrend. Awesome Oscillato formed a bullish divergence, and Stochastic Oscillator showed an exit from the oversold zone.

Trading recommendations:

Buy above 1.1334.

Stop loss: 1.1250.

Target levels: 1.1400; 1.1480.