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
EURUSD is in consolidation of the downtrend from 1.2569 (Dec 16, 2014 high). Range trading between 1.1097 and 1.1650 is possible over the next several days.
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.
EURUSD remains in downtrend from 1.2569, the rise from 1.1459 is likely consolidation of the downtrend.
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 is now in downtrend from 1.2569, and the fall extended to as low as 1.2166.
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.