In long-term trends, we would be buyers for this pair, especially after this rebound. We expect plenty of support around 1.15 handle, and next major resistive point above 1.25 handle.
EUR/USD Daily Forecast - 14 March
Euro was pushed higher in the course of the yesterday's session going all the way to 1.24 handle, where it found some amount of resistance but managed to finish the session around this area. As for tomorrow, we would pay attention to US PPI and Retail Sales figures. Any type of supportive candles around 1.2350 and 1.23 area would be short-term buying signal, while resistive candles above 1.2430 and 1.2450 level would be short-term selling opportunity.
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