EURUSD Daily Forecast: March 26

EURUSD Forecast
The EURUSD had another indecisive movement last week. Price has been moving sideways inside a 360-pip range area between 1.2537 – 1.2175 for 10 weeks now. The bias is neutral in nearest term. From another technical perspective as you can see on my H1 chart below, we have some tops printed after price move above the EMA 200 just to send price back below the EMA 200 (and the way around). This is a normal situation in a choppy/trendless market condition. Now price has formed another potential top at 1.2385 region (blue rectangle number four on my chart below) suggests another potential downside pullback. Immediate support is seen around 1.2350 followed by 1.2300. On the upside, a clear break above 1.2385 would expose 1.2445 region but key resistance remains at 1.2537. My major outlook remains bullish.

Price tops: forex trading education