Daily Technical Forecast: EURUSD (Mar 13)

The EURUSD may have completed a short term bottoming formation. The pair has broken two short term key horizontal resistance levels at 1.0630 and 1.0675, alongside the 50-days simple moving average. Further upside towards the next key and major resistance area starting at 1.0800 is our favored scenario over the near term.

Short term scenarios:
Bullish towards 1.800, as long as above 1.0600

Short term key support and resistance
1.0675 1.0640 1.0615
1.0710 1.0770 1.0800