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EURUSD Forecast of March 13,2018

Stuck in a narrow range

US Core CPI  will be released at 12:30 GMT

EURUSD: Classical Choppy Market. The pair looks for a fresh direction.

H1 CHART TIME FRAME:
Stuck in a narrow range of 40 pips. Rectangle Pattern.
On the Downside: 1.23000,1.22700 and 1.22400 are the support levels.
On the Upside: 1.22590, 1.23900 and 1.24200 are the resistance level

H4 CHART TIMEFRAME:
RSI NEUTRAL
ABOVE EMA 200, TESTING EMA 50 AND EMA 100 RESISTANCE

Conclusion:

US CPI  may give us a fresh direction to trade. We must wait for the breakout of the rectangle and enter a trade in the same direction of the breakout.

We may see a high volatility on US CPI Data. Levels are shown on the chart.

 

 

 

                                     
CHARTREADERPRO INTRADAY SIGNALS
EURUSD Forecast: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

 

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