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EURUSD Daily Forecast: March 31

Thursday, March 30, 2017 18:41
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(Before It's News)

EURUSD Forecast    
The EURUSD continued its bearish momentum yesterday bottomed at 1.0671. The bias remains bearish in nearest term testing 1.0600 region. That said, we have a CCI bullish divergence as you can see on my H1 chart below suggests a potential bullish correction especially if price able to make a clear break above 1.0700 testing 1.0750 – 1.0785 region but as long as stay below the EMA 200 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell. Overall I remain neutral.

eurusdhourly



Source: http://fxinstructor.com/blog/eurusd-daily-forecast-march-31-4

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  • Trading on EU at the moment is best with short, as it is hard to see it go up for now, at least. I enjoy doing long term trading due to OctaFX broker thanks to their epic Islamic Account option (swap free), so I am not required to pay any overnight charges and all that, it really keeps me relaxed and comfortable with doing long term trading. I like it even more to do with the support I get which is 24/5; it’s really enjoyable working with them.

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