EURUSD Daily Forecast Mar 04 2015

Outlook in EURUSD remains on the downside as long as 1.1379 resistance holds on a daily closing basis , support comes at the 1.1087 levels , a halt is likely , but a cut would open 1.0966 next , further down will target the 1.0835 levels.

On the upside , resistance comes at the 1.1278 levels ahead of the 1.1379 levels (main) , stability below both levels will keep the pair under pressure , however , sustained breakout – daily closing above the 1.1379 levels will suggested short term bottoming and open 1.1533 levels before the next move….

In all ,as long as 1.1278/1.1379 resistance holds on a daily closing basis , outlook in EURUSD remains on the downside towards the 1.1087 levels ahead of the 1.0965 levels , above the 1.1379 levels will turn outlook neutral and bring limited gains below the 1.1533 levels before the next possible fall….

Note that a daily closing below the 1.1182 levels will accelerate the expected bearish move and switch 1.1182 levels from support to resistance level..

 

EURUSD Daily Forecast Mar 04 2015

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