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EURUSD Daily Forecast: March 24
Thursday, March 23, 2017 17:57
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EURUSD Forecast
The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Price is still trending higher in short term, moving above the EMA 200 and a trend line support as you can see on my H1 chart below but from a daily chart perspective 1.0830 – 1.0873 resistance area also remains well-respected and good place to sell with a tight stop loss. Key intraday support is seen around 1.0725 located around the EMA 200 and the trend line support. A clear break and daily/weekly close below that area would end the current short term bullish trend. On the upside, a clear break and daily/weekly close above 1.0873 would activate my bullish mode next week targeting 1.1000 region.
Source: http://fxinstructor.com/blog/eurusd-daily-forecast-march-24-5
