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EURUSD Daily Forecast: March 09

Wednesday, March 8, 2017 18:57
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EURUSD Forecast    
The EURUSD had another insignificant movement yesterday but keeps making lower highs and lows on daily chart since Monday. The bias is neutral in nearest term probably with a little bearish bias testing the lower line of the bearish channel and 1.0450 support area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.0570. A clear break above that area could trigger further bullish pressure testing the upper line of the bearish channel and 1.0630 area which is a good place to sell. Fundamental focus will be on the ECB press conference. Overall I remain neutral.



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  • After NFP the major point is obviously Rate Hike, it will be interesting to see where that heads, but need to watch it very closely. I believe that is the only way we will be able to make profits and do it consistently, it is through proper plan and strategy. I always do that with excellent support via OctaFX which is especially through stuff like 50% rebate program where I get it even if trades are lost which makes it so good.

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