In long-term trends, we would be buyers for this pair, despite this decline. We expect plenty of support around 1.15 handle, and next major resistive point above 1.25 handle.
Last modified on Wednesday, 28 February 2018EUR/USD Daily Forecast - 01 March
Euro fell in the course of the yesterday's session, continuing its Tuesday's decline. Pair went all the way to 1.2190 area, where it found some amount of support but managed to rebound only slightly in order to finish the session around 1.22 handle. As for tomorrow, focus will be on PMI figures. Any type of supportive candles around 1.2150 and 1.2130 area would be short-term buying signal, while resistive candles above 1.2250 and 1.2280 level would be short-term selling opportunity.
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