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EURUSD Daily Forecast: March 15
Tuesday, March 14, 2017 15:25
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EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.0599. Price closed a little bit below the H4 EMA 200 suggests a potential bearish outlook especially if price able to make a clear break below 1.0600 testing 1.0500 – 1.0450 area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.0650. A clear break above that area could lead price to neutral zone in nearest term testing 1.0700 – 1.0750 region. Overall I remain neutral.
Source: http://fxinstructor.com/blog/eurusd-daily-forecast-march-15-6
It looks good for further buy, but towards the end of the market, I think it will be better to just wait and watch instead of trying to make decision too early, as that can cause issues for us. I am always very watchful because I know I am able to gain good amount by just sticking to simply basics. I trade with OctaFX broker and with them; it’s pretty good with having Islamic account where I am not worried over swap and all that, it really gives me great platform to work around!