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EURUSD Daily Forecast: March 30

Wednesday, March 29, 2017 19:25
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EURUSD Forecast    
The EURUSD continued its bearish momentum yesterday bottomed at 1.0739. The bias remains bearish in nearest term testing 1.0700 region. A clear break and daily close below that area would expose 1.0600 region as a part of the “shooting star” formation (daily chart)bearish scenario after the false break above 1.0873 on Monday. Immediate resistance is seen around 1.0785. A clear break above that area could lead price to neutral zone in nearest term testing 1.0825 area. Overall I remain neutral.



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