EURUSD Daily Forecast Mar 02 2017

EURUSD Continues To Consolidate Above Support Level...

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EURUSD Continues To Consolidate Above Support Level…

Outlook in EURUSD remains neutral at the moment, support comes at the 1.0530 levels while resistance comes at the 1.0614 levels…

On the downside, below 1.0530 will turn outlook bearish and open the 1.0480 levels, further down, support stands at the 1.0400/1.0340 levels.

On the upside, resistance comes at the 1.0573 levels ahead of the 1.0614 levels(main), above 1.0614 will turn outlook bullish and pave the way to the 1.0679/1.0708 levels, further upside, resistance stands at the 1.0811 levels…

Conclusion: The EURUSD continues to face recovery threats above the 1.0530 levels, above 1.0614 will extend recovery to the 1.0679/1.0708 levels before the next falling, below 1.0530 will reverse risk to the downside to the 1.0480 levels ahead of the 1.0400 levels…

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