EUR/USD and GBP/USD Forecast March 13, 2017
The EUR/USD pair broke higher during the session on Friday, as the 1.07 level has been tested. The 100-exponential moving average is just above, and I think that it’s only a matter of time before we will start to see some resistance. However, I think that the market should continue to find bullish pressure in the short-term, and as a result I think in the interim, you have to be buyers but somewhere near the 1.0750 level I think that the sellers will come back into play. If we can break above the 1.08 handle, and then I think the EUR is free to go to the 1.10 level. Either way, expect a lot of volatility which is typical for this pair. For more daily news and technical analysis visit: http://www.dailyforex.com
The EUR/USD pair broke higher during the session on Friday, as the 1.07 level has been tested. The 100-exponential moving average is just above, and I think that it’s only a matter of time before we will start to see some resistance. However, I think that the market should continue to find bullish pressure in the short-term, and as a result I think in the interim, you have to be buyers but somewhere near the 1.0750 level I think that the sellers will come back into play. If we can break above the 1.08 handle, and then I think the EUR is free to go to the 1.10 level. Either way, expect a lot of volatility which is typical for this pair. For more daily news and technical analysis visit: http://www.dailyforex.com