EURUSD analysis Tuesday, March 16
The short-term trend of the euro against the US dollar is neutral. From the buyers' point of view, if the EURUSD pair crosses above the $ 1.89 slight resistance, the 55-day moving average at $ 1,2049 will be the next target of the market. A definite break of these levels will mark the end of the correctional movement starting from $ 1,2348 and the EURUSD will be ready to hit the price peak again. However, from the sellers' point of view, the failure of $ 1,1834 will pave the way for the market to correct 38.2% Fibonacci at $ 1,1694.