EURUSD Daily Forecast Mar 24 2017

EURUSD Pulls Back With Caution!


EURUSD Pulls Back With Caution!

Outlook in EURUSD has turned neutral at the moment, the pair remains in a pullback mode as long as trades below the 1.0811 levels on a daily closing basis, and further down could be seen in EURUSD, but the corrective pullback below 1.0811 should be contained well by the 1.0727 levels where rebound is likely, If seen, resistance¬†comes at the 1.0811 levels, a daily closing above the 1.0811 will expose the 1.0828 levels and target the 1.0872 levels, next resistance comes at the 1.0952 levels…

On the downside, immediate support comes at the 1.0727 levels, a cut through that levels will bring large consolidation above the 1.0602/1.0569 levels before the next rising.

Conclusion: The EURUSD continues to face pullback threats below the 1.0811 levels in the short term forecast…