EURUSD Daily Forecast: March 18

EURUSD Forecast    

The EURUSD opened lower earlier today at 1.2889 after closed at 1.3073 on Friday. Gaps are usually filled so although nearest term bias is bearish, watch out for upside pullback. Immediate resistance is seen around 1.3000 followed by 1.3100. Overall I still prefer a bearish scenario. On the downside, a clear break and daily close below 1.2875 could trigger further bearish pressure testing 1.2800 or lower.