EURUSD Daily Forecast Mar 10 2015

Outlook in EURUSD remains on the downside as long as 1.1032 resistance holds on a daily closing basis , support comes at the 1.0387 levels , a halt is likely , but a cut would open 1.0650 next , further down will target the 1.0400 levels.

On the upside , resistance comes at the 1.1032 levels ahead of the 1.1182 levels (main) , stability below both levels will keep the pair under pressure , however , sustained breakout – daily closing above the 1.1182 levels will suggested short term bottoming and open 1.1539 levels before the next move….

In all ,as long as 1.1032/1.1182  resistance holds on a daily closing basis , outlook in EURUSD remains on the downside towards the 1.0650 levels ahead of the 1.0400 levels , above the 1.1182 levels will turn outlook neutral and bring limited gains below the 1.1539 levels before the next possible fall….

 

EURUSD Daily Forecast Mar 10 2015

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