In long-term trends, we would be buyers for this pair. We expect plenty of support around 1.15 handle, and next major resistive point above 1.25 handle.
EUR/USD Daily Forecast - 07 March
Despite no major data releases from Eurozone yesterday, euro was pushed higher spending session in an incline and breaking above 1.24 handle by the end of the session. As for tomorrow, we can expect a similar session with focus on US figures. Any type of supportive candles around 1.2360 and 1.2330 area would be short-term buying signal, while resistive candles above 1.2460 and 1.25 level would be short-term selling opportunity.
Empire State Manufacturing Index climbed to 22.5
Business activity grew robustly in New York State, according to…
Unemployment Claims decreased to 226,000
In the week ending March 10, the advance figure for…
David Davis says he could live with shorter Brexit transition period
David Davis, the Brexit secretary, has said he “could live…
MI Inflation Expectation rose to 3.7%
The Australian Dollar didn’t show much enthusiasm for the Melbourne…