EUR/USD Forecast March 27, 2017, Technical Analysis

The EUR/USD pair initially fell during the day on Friday, but found enough support at the 1.0750 level to turn these around to form a hammer. It looks now as if we are going to break out given enough time, but the 1.0835 level continues to fight against it. Once we get above there, the market should be free to go to the 1.09 handle, and then eventually the 1.10 level above that. Pullbacks should continue to attract value hunters, at least until we break down below the 100-day exponential moving average, pictured in blue on the chart. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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