EURUSD Daily Forecast Mar 31 2017

EURUSD, Bearish Eyes The 1.0600 Levels!

EURO -dollar - 69875

EURUSD, Bearish Eyes The 1.0600 Levels!

The EURUSD maintained a bearish momentum yesterday, topped at the 1.0768 levels and bottomed at the 1.0672 levels. This development leaves the pair targeting the 1.0602/1.0569 levels,  a halt is likely and a reversal may occur, however; a cut through the 1.0569 levels would open 1.0480, further down, support comes at the 1.0380 levels.

On the upside, resistance stands at the 1.0718 levels ahead of the 1.0768 levels (main), above 1.0768 sees a recovery risk to the 1.0872 levels before the next falling….

Conclusion: The EURUSD continues to face downside threats below the 1.0768 levels with risk to the 1.0602 levels, above 1.0768 levels sees a recovery risk to the 1.0872 level before the next falling…

MARKET DATA

UPCOMING ECONOMIC EVENTS