EUR/USD Daily Forecast - 12 March

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Sunday, Mar 11 2018

EUR/USD Daily Forecast - 12 March

Euro was initially pushed lower in the course of the Friday's session, but found some amount of support around 1.23 handle in order to finish the session slightly above this area, after some mixed NFP figures. As for Monday, we expect a bit steadier session as there will be no major data releases. Any type of supportive candles around 1.2260 and 1.2230 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, 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 - 12 March AUD/USD Daily Forecast - 13 March »

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