In today’s Asian trading session, the euro saw a decline against the US Dollar, hovering below the 1.0900 levels.

With no significant economic data from the Eurozone today, market focus shifted to the United States. Yesterday, the US reported higher-than-expected Producer Price Index (PPI) numbers, contributing to the downward movement in the EURUSD currency pair.

Technical analysis

EURUSD Support & Resistance Table – 15/03/2024

Support & ResistanceLevelExplanation
Resistance 21.0913Daily R2
Resistance 11.0897Daily R1
Support 11.0857Daily S1
Support 21.0841Daily S2

EURUSD Indicator Table – 15/03/2024

SMA 20Sell
SMA 50Sell
SMA 100Buy
MACD( 12;26;9)Neutral
RSI (14)Neutral
Stochastic ( 9;6;3)Sell

EURUSD Indicator / Period Table – 15/03/2024

Indicator / PeriodDay – SellWeek – BuyMonth – Buy
MACD( 12;26;9)NeutralBuySell
RSI (14)NeutralBuyNeutral
SMA 20SellBuyBuy

EURUSD 15/03/2024 – Reference Price : 1.0877

SELLSimple Moving AverageBuy (1)Sell (2)Technical Indicators – OscillatorsBuy (0)Sell (1)

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