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EURUSD Daily Forecast: March 23

Wednesday, March 22, 2017 18:41
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EURUSD Forecast    
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Overall price is still in a bullish phase, still respecting the EMA 200 and the trend line support as you can see on my H1 chart below. Immediate resistance is seen around 1.0820. A clear break above that area would expose 1.0873 area but note that from a daily chart perspective 1.0830 – 1.0873 area remains a good place to sell with a tight stop loss. Immediate support is seen around 1.0775. A clear break below that area could trigger further bearish pressure testing 1.0725 and the EMA 200/trend line support. On the upside, a clear break above 1.0873 would activate my bullish mode.



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  • It will be really interesting to see where things go next. As after the healthcare plan flopping, it will be interesting how Dollar reacts, but we just need to be all very wise and careful. It is important that we avoid doing anything silly and keep it all simple. I operate through OctaFX and under them, I find it extremely good with having small spreads at 0.1 pips for all major pairs while there is huge cash back where I get up to 15 dollars per lot, it’s all amazing.

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