EUR/USD Daily Forecast - 27 March

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Monday, Mar 26 2018

EUR/USD Daily Forecast - 27 March

Euro was pushed higher in the course of the yesterday's session going all the way to 1.2450 handle, where it found some amount of resistance but manged to finish the session around this area. As for tomorrow, we expect similar session, with focus on developments between China and USA. Any type of supportive candles around 1.24 and 1.2380 area would be short-term buying signal, while resistive candles above 1.25 and 1.2530 level would be short-term selling opportunity.

In long-term trends, we would be buyers for this pair, especially after this rebound. 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 - 27 March EUR/USD Daily Forecast - 16 April »

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