EURUSD Daily Forecast: March 28

EURUSD Forecast
The EURUSD failed to continue its bullish momentum yesterday, slipped below 1.2385 but still unable to move consistently below that support and hit 1.2419 earlier today in Asian session. The bias is neutral in nearest term. Immediate support remains around 1.2385. A clear break below that area could trigger further bearish pressure testing 1.2350 – 1.2300 region. Immediate resistance is seen around 1.2440 followed by 1.2475 but key resistance remains at 1.2537 region which need to be clearly broken to the upside to end the current consolidation phase and resume the major bullish scenario.