EURUSD Daily Forecast: March 15 2016
EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.1077. The bias is 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. A clear break below 1.1065 would be a threat to the bullish phase targeting 1.1000 or lower. Immediate resistance is seen around 1.1135. A clear break above that area could lead price to neutral zone in nearest term testing 1.1175 which need to be clearly broken to the upside to continue the bullish phase targeting 1.1300 area. My major technical outlook remains neutral.
