EURUSD Daily Forecast Mar 24 2015

The EURUSD maintained a bullish momentum yesterday , printed support at the 1.0766 levels and topped at the 1.0970 levels .This development leaves the pair targeting the 1.1108 levels , a halt is strongly suggested , and we could see reversal from that point , however ; sustained breakout above the 1.1108/1.1182 levels will extend rise from the 1.0461 levels towards the 1.1285 levels ahead of the 1.1480 levels …

On the downside , main support comes at the 1.0766 levels , note that a failure to hold gains above the 1.0970 levels could mean a return to the  1.0766 levels , a halt is likely , but a clear break below the 1.0766 levels will terminate the last bullish run and restore the downside momentum and bring a lower leg below the 1.0461 levels .

In all , as long as 1.0766 support holds on a daily closing basis , outlook in EURUSD remains on the upside towards the 1.1108/1.1182 levels before the next possible fall , below the 1.0766 levels will restore the downside momentum and open the 1.0618/1.0461 levels ..


EURUSD Daily Forecast Mar 24 2015