EURUSD Daily Forecast: March 07 2016

EURUSD Daily Forecast: March 07 2016

7 March 2016, 04:47
Roberto Jacobs
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EURUSD Daily Forecast: March 07 2016

EURUSD Forecast

The EURUSD failed to continue its bearish momentum last week topped at 1.1043 after formed two Dojis as you can see on my daily chart below. The bias is neutral in nearest term but as long as stays above 1.0900 price is still in a bullish phase testing 1.1065 and daily EMA 200 located around 1.1100. A clear break and daily close above that area could trigger further bullish pressure testing 1.1250 area. On the downside, we need a clear break below 1.0900 to keep the bearish scenario since formed the shooting star formation remains strong targeting 1.0800 or lower.

eurusd1

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