EURUSD Daily Forecast Mar 22 2017

    EURUSD, Bullish But Hesitates Ahead Of 1.0811 Key Resistance!


    EURUSD, Bullish But Hesitates Ahead Of 1.0811 Key Resistance!

    Despite EURUSD is bullish, it is now seen hesitating ahead of 1.0811 key resistance unless it breaks and holds above that level on a daily closing basis, the risk is for a corrective pullback is occurred.

    However; a break above that level will turn the focus on the 1.0872 levels, further out, resistance comes at the 1.0952 levels.

    Alternatively, a failure to hold above the 1.0811 levels on a daily closing basis could mean a return to the 1.0727 levels where rebound is likely If 1.0727 fails to hold, expect a large consolidation above 1.0602/1.0569 levels before the next rising…

    Conclusion: The Pair is bullish above 1.0727 with risk to the 1.0872/1.0952 levels, below 1.0727 sees corrective pullback threats above the 1.0602/1.0569 levels…

    Note: Minor support levels: 1.0780, 1.0679