Home » Technical Analysis » EURUSD Weekly Trading Forecast March 16, 2015

EURUSD Weekly Trading Forecast March 16, 2015

EURUSD Technical Outlook

It shows EURUSD is still maintaining a strong bearish bias. Our last week target was 1.0550 as this was a level of support that hit and break as well and continuing to the bearish movement. More bearish movement is expected now targeting 1.0150 as this is a support level that was created on July 2002.

On Fundamental View Point

USD seems to be remaining strong as their economy is going well with the rising of stock and the oil price is dropping respectively. On the other hand, there is no clear sign on EURO strength. So, further bearish movement can be expected.

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