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EURUSD Daily Forecast: March 15

EURUSD Daily Forecast: March 15
Friday, March 15th, 2019 @ 4:21 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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EURUSD Forecast
The EURUSD bullish momentum stalled yesterday, bottomed at 1.1293 but traded higher earlier today in Asian session hit 1.1326. The bias remains bullish in nearest term testing 1.1400/20 region as a part of the false breakout scenario as you can see on my daily chart below. Immediate support is seen around 1.1293 (yesterday’s low). A clear break below that area could lead price to neutral zone in nearest term testing 1.1270 or lower but key support remains at 1.1215  region which remains a good place to buy with a tight stop loss as a clear break below 1.1215 would resume the major bearish trend testing 1.1125 or lower.

eurusddaily

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