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EURUSD Daily Forecast: March 08

Tuesday, March 7, 2017 19:53
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EURUSD Forecast    
The EURUSD didn’t make significant movement yesterday. The bias remains neutral in nearest term. I have made some adjustments to the bearish channel on the H4 chart. On the upside, 1.0630/50 region remains a key resistance and good place to sell with a tight stop loss as a clear break and daily close above that area could trigger further bullish pressure testing 1.0700 – 1.0750 area. Immediate support is seen around 1.0550. A clear break below that area could trigger further bearish pressure testing 1.0500 – 1.0450 support area which is a good place to buy with a tight stop loss as a clear break and daily close below that area would expose 1.0350 region. Overall I remain neutral.



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