EURUSD Daily Forecast: March 03 2016

The EURUSD had another indecisive movement yesterday, formed another Doji on daily chart but hit another fresh low at 1.0825. The bias remains neutral in nearest term. Overall price is still in a bearish outlook since formed a shooting star formation and broke below the trend line support as you can see on my daily chart below but need a clear break and daily close below 1.0800 to continue the bearish scenario testing 1.0700 – 1.0600 region. Immediate resistance is seen around 1.0900. A clear break above that area could trigger further bullish pressure testing 1.0962 area. Fundamental focus will be on the US NFP number tomorrow.