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EURUSD Analysis Forecast 20 March 2015

EURUSDH1_20150320

According to EURUSD 1Hrs chart, we saw that it fell down to 1.062 but could not continue. So we should not hurry for a SELL position and wait for breaking down 1.0615 support. If it could not, EURUSD may try to go up a little bit higher and that would be 1.0710 – 1.0755 area. Also we must keep our eyes on USD Index which is currently at 99 levels.

EURUSDMonthly_20150320

Also weekly chart tells us that EURUSD is trying to support the weekly trends bottom line. There may be a reversal and a middle-long term up trend starting is possible. Novadays USD Index and price actions of EURUSD should be carefully watched.

Pivot : 1.0615
SUPPORT : 1.0670-1.0645-1.0615
RESISTANCE : 1.0710-1.0755-1.0815

 

 

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