EUR/USD Mid-Session Technical Analysis for March 22, 2017

The EUR/USD is trading lower at the mid-session but inside yesterday’s range. This typically indicates investor indecision and impending volatility.

The main trend is up according to the daily swing chart. A trade through 1.0819 will signal a resumption of the uptrend. This could fuel a rally into the December 8, 2016 main top at 1.0872. A trade through 1.0718 will turn the main trend to down.

If 1.0718 fails as support then look for a further break into the retracement zone at 1.0700 to 1.0660.

Overcoming the steep uptrending angle at 1.0798 will put the EUR/USD in a bullish position.

On the downside, early support comes in at 1.0774 and 1.0761.

The daily chart opens up under 1.0761 with the next target angle at 1.0738. This is another trigger point for a break into the next potential support angle at 1.0704.

The way of least resistance appears to be up with a big jump from 1.0819 to 1.0872.