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EURUSD Daily Forecast: March 27

Sunday, March 26, 2017 19:03
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EURUSD Forecast    
The EURUSD continued its bullish momentum last week topped at 1.0824 and hit 1.0849 earlier today in Asian session. Price is still in a bullish phase, moving convincingly above the H1 EMA 200 and a trend line support as you can see on my H1 chart below. The bias is bullish in nearest term testing 1.0870 key resistance which is a good place to sell with a tight stop loss. Immediate support is seen around 1.0795. A clear break below that area could lead price to neutral zone in nearest term testing 1.0750 area where H1 EMA 200 and the trend line support converge which is a good place to buy with a tight stop loss as a clear break below that area (especially if that happen after a rejection above 1.0870 ) would be a serious threat to the current short term bullish bias. On the upside, a clear break and daily close above 1.0870 could quickly target 1.1000 this week.



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