EURUSD
Weekly Forecast 16 March 2015
EURUSD Technical Outlook-
It shows EURUSD is still
maintaining a strong bearish bias. Our last week target was 1.0550 as this
was a level of support that hit and break as well and continuing to
the bearish movement. More bearish movement is expected now targeting 1.0150 as
this is a support level that was created on July 2007.
On
Fundamental View Point
USD seems to be remaining
strong as their economy is going well with the rising of stock and the oil
price is dropping respectively. On the other hand, there is no clear sign on
EURO strength. So, further bearish movement can be expected.
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