EURUSD Daily Forecast Mar 06 2020


EURUSD: Bullish Ahead Of U.S Jobs Report…

The EURUSD remains on the upside as long as 1.1145 support holds on a daily closing basis. Resistance comes at 1.1235 level. A halt is likely, it may test 1.1145 before attempts to break higher. Anyway; above 1.1235 aims the 1.1300 level, further upside, resistance comes in the 1.1375 level.

On the downside, immediate support comes around 1.1145 levels. Below 1.1145 sees corrective pullback threats to 1.1070/1.1005 levels before another rise…

In conclusion: The EURUSD sees upside threats above 1.1145 levels.

Support: 1.1145, 1.1070, 1.1000, 1.0950, 1.0875

Resistance: 1.1235, 1.1300, 1.1375, 1.1460, 1.1525

EURUSD Daily Forecast Mar 06 2020Key data/events which may affect EURUSD today:
  • U.S Nonfarm Payrolls (Feb) at 13:30 GMT.
  • U.S Unemployment Rate (Feb) at 13:30 GMT.