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EURUSD Daily Forecast: March 13

Sunday, March 12, 2017 18:24
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EURUSD Forecast    
The EURUSD attempted to push lower last week bottomed at 1.0525 but whipsawed to the upside and closed higher at 1.0669. The bias is bullish in nearest term. As you can see on my H4 chart below, price broke above the bearish channel suggests a bullish view targeting 1.0750 region or higher. Immediate support is seen around 1.0630. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.



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  • The current market situation is confusing with the weakness in both currency but looking ahead; it might not be too bad to go for short as the rate hike is all likely to come up. I love trading in aggressive way which is helped by OctaFX broker through their 50% bonus on deposit scheme; it’s fascinating and makes it so easy for me to approach things without stress of tension. I am able to make greater profits through this and consistently as well.

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