EUR/USD Daily Forecast - 09 March

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Thursday, Mar 08 2018

EUR/USD Daily Forecast - 09 March

Euro was initially pushed higher in the course of the yesterday's session going all the way to 1.2450 level where it found some amount of resistance and after ECB press conference sharply pulled back, but found area around 1.23 handle to be supportive enough in order to finish the session around it. As for tomorrow, we would be focused on US NFP figures. Any type of supportive candles around 1.2260 and 1.2230 area would be short-term buying signal, while resistive candles above 1.2360 and 1.24 level would be short-term selling opportunity.

In long-term trends, we would be buyers for this pair, despite this pullback. 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 - 09 March AUD/USD Daily Forecast - 12 March »

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