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EURUSD Daily Forecast: March 10

Thursday, March 9, 2017 18:17
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EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.0615 but closed lower at 1.0576. The bias remains neutral in nearest term. Immediate resistance is seen around 1.0630 and the upper line of the bearish channel (see my H4 chart below) which is a good place to sell with a tight stop loss as a clear break above the bearish channel would expose 1.0700 – 1.0750 area. On the downside, 1.0500 – 1.0450 remains a key support and good place to buy with a tight stop loss. Fundamental focus will be on the US NFP number. Overall I remain neutral.



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