EUR/USD Forecast March 8-12 – Euro Struggling At 1.19, ECB Up Next

EUR/USD Technical analysis

Technical lines from top to bottom:

We start with resistance at 1.2251 (mentioned last week).

1.2170 is an important monthly resistance line.

1.2009 is next.

1.1945 has switched to resistance after sharp losses by EUR/USD last week.

1.1846 is the first line of support.

1.1667 is the final support line for now.

I am bearish on EUR/USD

The euro continues to underperform. Higher US bond yields have boosted the US dollar, and a strong NFP last week reflects a US economy that is on its way to recovery.

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