| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
EURUSD Daily Forecast: March 29
Tuesday, March 28, 2017 18:33
% of readers think this story is Fact. Add your two cents.
EURUSD Forecast
The EURUSD retreated lower yesterday bottomed at 1.0798. The “shooting star” formation on daily chart I showed you yesterday gave us a valid bearish pullback warning. The bias is bearish in nearest term testing the H1 EMA 200 and the trend line support (see my H1 chart below)located around 1.0785. A clear break below that area would expose 1.0725/00 region. Immediate resistance is seen around 1.0850. A clear break above that area could lead price to neutral zone in nearest term but only a clear break above 1.0905 would cancel the “shooting star” bearish reversal scenario targeting 1.1000 or higher. Overall I remain neutral.
Source: http://fxinstructor.com/blog/eurusd-daily-forecast-march-29-4
Currently, there are too many doubts especially over Trump’s ability, so it won’t be really that much beneficial for us to trade over this unless we are certain. I always work on long term way and it’s a lot easier through OctaFX since they are awesome with having tidy spreads at 0.1 pips for all major pairs while there is smooth trading platform in cTrader which is especially developed for ECN trading plus much more, it’s all epic to work with.