EURUSD Daily Forecast: March 23

EURUSD Forecast
The EURUSD attempted to push higher yesterday, topped at 1.2387, slipped above the trend line resistance but whipsawed to the downside and closed lower back below the trend line resistance as you can see on my H1 chart below. This fact creates a false breakout bearish scenario but we need a consistent movement back below the H1 EMA 200 (1.2320) to send the pair lower testing 1.2285 – 1.2240 before testing the major trend line support and 1.2175 key support area. Immediate resistance is seen around 1.2387. A clear break and daily/weekly close above that area would expose 1.2445 – 1.2537 region next week.