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12 March 2018

Forex Technical analysis

EURUSD Intraday Technical Outlook


EURUSD trader? Find out on the 12 march EURUSD Intraday technical outlook how the pair trades currently as traders now look to the release of the U.S Budget Statement.

12 March, OctaFX – The euro currency has slipped lower against the greenback after buyers failed to gain traction above the 1.2334 level during the European trading session.

The EURUSD pair now trades back towards crucial daily technical support, with buyers so far defending the key 1.2305 support region. Moving into the U.S session, traders now look to the release of the U.S Budget Statement and a clear breach of the 1.2305 to 1.2334 trading range.

12 March EURUSD Intraday Technical Outlook

  • The EURUSD pair is likely to turn intraday bearish below the 1.2305 level, with key support then found at the 1.2278 and 1.2239 levels.

  • Should the EURUSD pair hold above the 1.2305 level, buyers will likely target the 1.2334 and 1.2367 resistance levels.


This article about 12 March EURUSD Intraday Technical Outlook was provided by OctaFX. It should substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

Also, speculative trading is a challenging prospect, even to those with market experience and an understanding of the risks involved.


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