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EURUSD Daily Forecast: March 09

Wednesday, March 8, 2017 18:57
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(Before It's News)

EURUSD Forecast    
The EURUSD had another insignificant movement yesterday but keeps making lower highs and lows on daily chart since Monday. The bias is neutral in nearest term probably with a little bearish bias testing the lower line of the bearish channel and 1.0450 support area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.0570. A clear break above that area could trigger further bullish pressure testing the upper line of the bearish channel and 1.0630 area which is a good place to sell. Fundamental focus will be on the ECB press conference. Overall I remain neutral.

eurusdh4



Source: http://fxinstructor.com/blog/eurusd-daily-forecast-march-09-6

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  • Ahmed

    After NFP the major point is obviously Rate Hike, it will be interesting to see where that heads, but need to watch it very closely. I believe that is the only way we will be able to make profits and do it consistently, it is through proper plan and strategy. I always do that with excellent support via OctaFX which is especially through stuff like 50% rebate program where I get it even if trades are lost which makes it so good.

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