EURUSD Daily Forecast Mar 13 2020

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EURUSD: Corrective Pullback Sets In…

As long as 1.1205/1.1267 resistance holds on a daily closing basis. The EURUSD remains in a pullback mode and further down couldn’t be ruled out. Support comes at 1.1127 level. A cut below 1.1127 would open 1.1040 next, further down, support comes in the 1.0980 levels.

On the upside, immediate resistance comes at 1.1205 level ahead of 1.1267 level. Above 1.1267 sees recovery threats to 1.1380/1.1495 levels…

In conclusion: The EURUSD remains exposed to the downside below 1.1205/1.1267 levels…

Support: 1.1127, 1.1040, 1.0975, 1.0900

Resistance: 1.1205, 1.1267, 1.1380, 1.1495

EURUSD Daily Forecast Mar 13 2020

MARKET DATA

UPCOMING ECONOMIC EVENTS