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.

1 2
View single page >> |

Disclaimer: Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.