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EURUSD Daily Forecast: March 17

Thursday, March 16, 2017 18:33
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EURUSD Forecast    
The EURUSD continued its bullish momentum yesterday topped at 1.0770. The bias remains bullish in nearest term testing 1.0830 area located at the daily EMA 200 as you can see on my daily chart below which is a good place to sell with a tight stop loss above 1.0873. Immediate support is seen around 1.0710. A clear break below that area could lead price to neutral zone in nearest term testing 1.0650 support area. On the upside, a clear break and daily/weekly close above 1.0830 – 1.0873 would activate my bullish mode.



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  • After FOMC, it has been really shift of momentum in this pair, it is great now to enter for buy, but we just need to be extremely watchful with how we go about doing our stuff. I do it all extremely watchfully with OctaFX, as they help a lot with their Islamic Account option and many other benefits. It all keeps me relaxed and helps me with performance in big way. I really like it and able to enjoy making profits.

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