EURUSD Daily Forecast: March 21

EURUSD Forecast
The EURUSD failed to continue its bullish momentum yesterday bottomed at 1.2238. The bias is bearish in nearest term testing the major trend line support and 1.2175 key support which is a good place to buy with a tight stop loss as a clear break below 1.2175 would invalidate the major bullish trend. Immediate resistance is seen around 1.2310. A clear break back above that area could lead price to neutral zone in nearest term but only a violation to the trend line resistance would erase the H1 time frame overall bearish corrective bias.

Trend line studies: Forex education