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EURUSD Daily Forecast: March 07

Monday, March 6, 2017 18:49
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(Before It's News)

EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.0640 but closed lower at 1.0581. As you can see on my H4 chart below price is moving back inside the bearish channel, keeps the bearish phase intact. The bias is neutral in nearest term probably with a little bearish bias testing 1.0500 support area. On the upside, 1.0630/50 region remains a key resistance and good place to sell with a tight stop loss as a clear break and daily close above that area could trigger further bullish pressure testing 1.0700 – 1.0750 region. Overall I remain neutral.

eurusdh4



Source: http://fxinstructor.com/blog/eurusd-daily-forecast-march-07-5

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  • Ahmed

    I think no matter what the movement is going to be it is NFP that is going to be the main point of looking as per we look ahead. I believe it could be good buy temporary, but better not keep it too long. I work with OctaFX and with them, I can do absolutely anything and everything which really pushes up my performance in major way and is how I am able to work with calmness and comfort as well.

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