EUR/USD Daily Forecast - 05 March

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Saturday, Mar 03 2018

EUR/USD Daily Forecast - 05 March

Euro spent Friday's session in a rebound going all the way to 1.2330, despite no major data releases. There pair found some amount of resistance and pulled back slightly but managed to finish the session above 1.23 handle. As for Monday we can expect similar session. Any type of supportive candles around 1.2280 and 1.2250 area would be short-term buying signal, while resistive candles above 1.2350 and 1.2380 level would be short-term selling opportunity.

In long-term trends, we would be buyers for this pair. We expect plenty of support around 1.15 handle, and next major resistive point above 1.25 handle.

More in this category: « GBP/USD Daily Forecast - 05 March AUD/USD Daily Forecast - 06 March »

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