EURUSD Analysis Forecast 20 March 2015


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.


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



 Read these articles before trading

Leave a Comment