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
- Tuesday, Mar 06 2018
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.