EUR/USD Daily Forecast - 06 March

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Monday, Mar 05 2018

EUR/USD Daily Forecast - 06 March

Euro was initially pushed lower in the course of the yesterday's session, but found some amount of support around 1.2270 level and manged to rebound by the end of the session in order to finish it around 1.2330 level. Tomorrow, we expect a less volatile session as there will be no major data releases. Any type of supportive candles around 1.2270 and 1.2250 area would be short-term buying signal, while resistive candles above 1.2360 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 - 06 March AUD/USD Daily Forecast - 07 March »

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