EURUSD Daily Forecast Mar 02 2016

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Outlook in EURUSD remains on the downside as long as 1.0911/1.0956 resistance holds on a daily closing basis, support comes at the 1.0848 levels, a halt is likely and a rebound may occur, however; below 1.0848 will turn focus on 1.0779 next, further down, support comes at the 1.0730 levels…

On the upside, immediate resistance comes at the 1.0911 levels, a break will open 1.0956, further upside, resistance comes at the 1.1070 levels…

Conclusion: The EURUSD continues to face downside threats below the 1.0956/1.0911 levels even in the case of a rebound…

EURUSD Daily Forecast Mar 02 2016

MARKET DATA

UPCOMING ECONOMIC EVENTS