The estimation of the bearish wagers on EUR/USD in the choices advertise has hit a 11-month low in front of the extremely critical FOMC rate choice, planned tomorrow.

From a specialized point of view, the referenced intersection district, close to the 1.13670 region, may keep on going about as a prompt opposition, above which the pair is probably going to quicken the up-move towards recovering the 1.1400 round figure mark. The referenced handle harmonizes with a five-month-old plunging pattern line opposition and should go about as a key vital point for any further close term acknowledging move for the major. On the other side, the 1.1330 region, intently pursued by the 1.1310 round figure mark, presently appears to have developed as quick help, which whenever padped may quicken the fall further towards 1.1260-55 moderate help on the way the 1.1220 region and the 1.1210 handle.

EUR/USD, Daily Forex Analysis,March 19:

PENDING ORDER BUY  EUR/USD @ 1. 1355     SL:  1. 1342             TP1: 1.1370     TP2: 1.1385     TP3: 1.1400

PENDING ORDER SELL  EUR/USD @ 1.1339    SL:    1.1351             TP1: 1.1324     TP2: 1.1309     TP3: 1.1294

daily forex signals eurusd

John Wat

About: John Wat

Forex analyst with 10 years experience in Forex market.Trading Expert ABC Breakouts, Trendlines breakouts, Supply & Demand, Customized Elliot Wave.