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EUR/USD Forecast March 29, 2017, Technical Analysis

By
Christopher Lewis
Updated: Mar 29, 2017, 03:22 GMT+00:00

The EUR/USD pair continues to look very volatile, and I believe longer-term it will show bullish pressure. However, it looks as if we may drop slightly

EUR/USD daily chart, March 29, 2017

The EUR/USD pair continues to look very volatile, and I believe longer-term it will show bullish pressure. However, it looks as if we may drop slightly during the session on Wednesday, but quite frankly it’s only a matter of time before the buyers return and a supportive candle could be a nice buying opportunity. In the meantime, there are a lot of moving pieces and I believe that simply waiting for a supportive candle to go long as the best thing you can do. Ultimately though, I think it’s only a matter of time before the buyers return.

EUR/USD Forecast Video 29.3.17

About the Author

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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