EUR/USD Weekly Forecast – 13 March – 17 March

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Friday, Mar 10 2017

EUR/USD Weekly Forecast – 13 March – 17 March

After initial steadier beginning of the week, in which euro was pushed somewhat lower, pair found some amount of support around 1.0520 level and was then pushed higher, breaking well above 1.06 handle in the course of the Friday's session. Next week we expect more volatility with FOMC interest rate decision. Any type of supportive candles around 1.06 area would be short-term buying signal, while resistive candles above 1.0750 level would be short-term selling opportunity.

In long-term trends, if we see decisive break above 1.08 area we would be interested in buying the pair as this a major resistive point. We are not interested in selling the pair at the moment.

More in this category: « GBP/USD Weekly Forecast – 13 March – 17 March AUD/USD Weekly Forecast – 27 March – 31 March »

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