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 - 08 March
Euro was initially pushed higher in the course of the yesterday's session going all the way to 1.2440 level where it found some amount of resistance and pulled back, but found area around 1.24 handle to be supportive enough in order to finish the session around it. As for tomorrow, we would be focused on ECB interest rate decision. 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.
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