EURUSD Daily Forecast Mar 03 2014

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EURO-Dollar-min

The EURUSD maintained a bullish momentum last Friday , printed support at the 1.3693 levels . This development leaves the pair targeting  the 1.3920 levels , a halt is suggested , but break of 1.3920 levels will turn focus on the 1.4040 levels , further out will aim the 1.4170 levels .

On the downside , a bearish correction towards 1.3750 levels is likely before attacking the 1.3920 levels , below 1.3750 would challenge  main support at 1.3693 levels , more losses will aim the 1.3642 levels.

In all as long as support 1.3693 holds on a daily closing basis , the EURUSD will remain based to the upside in short term view with risk toward the 1.3920 levels ahead the 1.4040 levels , losing the 1.3693 levels would reverse risks towards the 1.3642/1.3585 levels before the next possible rise.

 

EURUSD Daily Forecast Mar 03 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS

2 COMMENTS

  1. I do agree with all the concepts you have presented in your post. They are very convincing and will certainly work. Still, the posts are too brief for starters. May you please extend them a bit from next time? Thank you for the post.

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