EURUSD Daily Forecast Mar 31 2015

Outlook in EURUSD remains neutral with risk to upside as long as 1.0766 support holds on  a daily closing basis , resistance comes at the 1.1036 levels ahead of the 1.1108/1.1182 levels , a halt is likely but a break would open 1.1285 next , further upside will aim the 1.1480 levels .

On the downside , support comes at the  1.0766 levels ,  losing the 1.0766 levels on a daily closing basis will suggest short term topping and restore the downside momentum and open the  1.0574 levels ahead of the 1.0461 levels , further down is likely towards the 1.0580/1.0461 levels..

In all , as long as 1.0766 support holds on a daily closing basis , short term 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 1.0575/1.0461 levels ..

Intraday resistance comes at the 1.0905 levels , stability below this level will keep the pair under pressure , however ; a clear break – 4 hour – closing basis will recapture the 1.0960/1.0051 levels  ….short term support comes at the 1.0766 levels..

EURUSD Daily Forecast Mar 31 2015

 

MARKET DATA

UPCOMING ECONOMIC EVENTS

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