EURUSD Daily Forecast Mar 06 2015

Outlook in EURUSD remains on the downside as long as 1.1060 resistance holds on a daily closing basis , support comes at the 1.0966 levels , ahead of the 1.0830 levels (weekly target), a halt is likely , but a cut would open 1.0735 next , further down will target the 1.0615 levels..

On the upside , resistance comes at the 1.1060 levels , sustained breakout – daily closing – above the 1.1060 levels will turn outlook neutral and bring recovery towards the 1.1182 levels before the next fall..

In all , as long as 1.1060 resistance holds on a daily closing basis , outlook in EURUSD remains on the downside towards the 1.0966/1.0830 levels and possible lower towards the 1.0735 levels, break of the 1.1060 levels will turn outlook neutral towards the 1.1182 levels before the next fall…

 

EURUSD Daily Forecast Mar 06 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS