EURUSD Daily Forecast: March 17 2016

EURUSD Daily Forecast: March 17 2016

17 March 2016, 04:12
Roberto Jacobs
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EURUSD Daily Forecast: March 17 2016

EURUSD Forecast

The EURUSD had a strong bullish momentum yesterday after a rejection to make a clear break below 1.1065 support area as you can see on my H1 chart below. The bias is bullish in nearest term testing the trend line resistance and 1.1300 region. Immediate support is seen around 1.1150. A clear break below that area could lead price to neutral zone in nearest term testing 1.1100 area. My major technical outlook remains neutral but as long as stays above 1.1065 price is still in a bullish phase.

eurusd1


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