EURUSD Daily Forecast: March 16 2016
EURUSD Forecast
The EURUSD was indecisive yesterday. The bias remains bearish in nearest term but as long as stays above 1.1065 price is still in a bullish phase targeting a trend line resistance located around 1.1300 area as you can see on my H1 chart below. On the downside, a clear break below 1.1065 would be a threat to the bullish phase targeting 1.1000 or lower. Immediate resistance is seen around 1.1125 (yesterday’s high). A clear break above that area could trigger further bullish pressure testing 1.1200 region. My major technical outlook remains neutral.
