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The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of volume of trading, it is by far the largest market in the world

EURUSD Daily Forecast: March 26

EURUSD Daily Forecast: March 26

EURUSD Forecast    
The EURUSD had another indecisive movement yesterday but overall still able to maintain its bullish intraday bias so far, challenging 1.1040 resistance area located around the h4 EMA 200 as you can see on my h4 chart below. The bias is bullish in nearest term. Immediate support is seen around 1.0950. A clear break below that area could lead price to neutral zone in nearest term testing 1.0900. On the upside, a clear break and daily close above 1.1040 could be an early signal of a major bullish reversal scenario.

eurusdh4

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