EURUSD Daily Forecast: March 09 2016

The EURUSD attempted to push higher yesterday topped at 1.1057 but closed lower at 1.1009 and hit 1.0991. The bias is bearish in nearest term testing 1.0900 area. Immediate resistance is seen around 1.1025. A clear break above that area could lead price to neutral zone in nearest term testing 1.1065 – 1.1100 key resistance. On the downside, a clear break and daily close below 1.0900 would activate my bearish mode targeting 1.0800 or lower. On the other hand, a clear break and daily close above 1.1065 – 1.1100 would activate my bullish mode targeting 1.1250 or higher.