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EURUSD Daily Forecast: March 14

Monday, March 13, 2017 18:49
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EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.0714 but whipsawed to the downside and closed lower at 1.0650. The bias is neutral in nearest term probably with a little bearish bias testing 1.0630/00 support area which is a good place to buy with a tight stop loss as a clear break below that area would expose 1.0500 region. Immediate resistance is seen around 1.0675. A clear break above that area could trigger further bullish pressure testing 1.0750 – 1.0800 region which is a good place to sell. Overall I remain neutral and price has been moving sideways without clear direction so selling on resistances and buying on supports with a tight stop loss seems to be the best strategy.



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