Coronavirus Immeasurable Impact Continues to Sink EURUSD Beneath 1.0779 Level



Invest at least $250 in D2T to gain lifetime access to our VIP Signals


Get early access to Dash 2 Trade’s Presale. Buy the D2T token now


Existing community of 70,000+ traders


Unlocks access to the leading crypto trading analysis, signals and trading tools


As featured in,, and more


World class development team backed by Quant developers and VC investors

EURUSD Price Analysis – March 23

Despite the opening bell in Europe at the moment, EURUSD has now come under some selling pressure after climbing to the 1.0770 regions earlier in the session and is dropping to the area beneath the 1.0700 level. The attitude of US politicians and Europe’s desperate condition with the prospect of more economic pressure may weigh heavily on the Fx pair.

Key Levels
Resistance Levels: 1.1172, 1.1000, 1.0779
Support Levels: 1.0635, 1.0569, 1.0397

EURUSD Long term Trend: Bearish

At this point, the pair is losing about 0.05 percent at 1.0675 level and faces the next support at level 1.0635 (2020 low Mar.23) seconded by level 1.0569 (monthly low Apr.10 2017) and next is level 1.0397 (low).

The entire downtrend pattern from 1.1495 (high) level in the larger structure should have continued. The next goal is a forecast of 61.8 percent from 1.1495 to 1.0779 from 1.1495 to 1.0397 levels. That level is near 1.0339 (low in 2017). On the upside, for authenticating long-term reversal, a break of 1.1495 resistance level is required. Otherwise, even in the event of a strong recovery, the pattern can stay bearish.

EURUSD Short term Trend: Bearish

A transient low is established at 1.0635 level with 4 hour RSI crossed at reading 40 beneath its neutrality axis, while the EURUSD Intraday bias is first turned neutral for consolidations.

The upside of recovery may be contained by 1.1000 level of resistance to usher in fall resumption while downside break of 1.0635 level may extend a broader downward trend to 1.0397 level next goal estimate.

Instrument: EURUSD
Order: Sell
Entry price: 1.0750
Stop: 1.0779
Target: 1.0635

Note: is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.