EURUSD Daily Forecast Mar 29 2017

EURUSD Consolidates With Upside Bias!

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EURUSD Consolidates With Upside Bias!

Outlook in EURUSD has turned neutral with to upside, support comes at the 1.0798 levels while resistance comes at the 1.0872 levels.

On the downside, support comes at the 1.0798 levels,  below that level sees a pullback threats to the 1.0733 levels, further down, support stands at the 1.0672 levels.

Alternatively, a failure to hold below the 1.0798 levels on a daily closing basis could mean a return to the 1.0872  levels, a halt is likely but a break will restore the upside momentum and target the 1.0952 levels, further upside, resistance stands at the 1.1025 levels…

Conclusion: The EURUSD continues to consolidate with upside bias above the 1.0798 levels…

MARKET DATA

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