EURUSD Forecast March 30, 2015, Technical Analysis
The EURUSD pair went back and forth during the course of the session on Friday, as we continue to hang about the 1.09 level.
The EURUSD pair went back and forth during the course of the session on Friday, as we continue to hang about the 1.09 level.
EURUSD stays in the downward price channel on daily chart, and remains in downtrend from 1.3993 (May 8, 2014 high), the rise from 1.0462
The EUR/USD pair initially tried to fall during the course of the day on Monday, but found enough support at the 1.13 level to bounce and form a little bit of a hammer.
The EURUSD pair fell during the course of the session on Friday, as the nonfarm payroll numbers came out much stronger than anticipated.
The EURUSD pair fell during the course of the day on Wednesday as the market continues to look soft for the Euro in general.
EURUSD’s downward movement from 1.2569 extended to as low as 1.1744.
EURUSD’s downward movement from 1.2569 extended to as low as 1.2132.
EURUSD remains in downtrend from 1.2569, and the fall extended to as low as 1.2216.
EURUSD broke below 1.2247 support indicating that the downtrend from 1.2886 (Oct 15 high) has resumed.
EURUSD is facing 1.2247 support, a breakdown below this level will signal resumption of the downtrend from 1.2867 (Oct 15 high), then next target would be at 1.2000 area.