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EURUSD Daily Forecast: March 06
Monday, March 6, 2017 5:18
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EURUSD Forecast
The EURUSD attempted to push lower last week bottomed at 1.0494 but whipsawed to the upside and closed higher at 1.0618. The bias is bullish in nearest term. Price slipped above the bearish channel as you can see on my H4 chart below, but I think 1.0600 region remains a good place to sell with a tight stop loss above 1.0630/50. Immediate support is seen around 1.0570. A clear break below that area could lead price to neutral zone in nearest term testing 1.0500 area and keep the bearish phase remains valid. On the other hand, a clear break above 1.0630/50 would expose 1.0700 – 1.0750 area. Overall I remain neutral.
Source: http://fxinstructor.com/blog/eurusd-daily-forecast-march-06-4
