EURUSD Potential Forecast | 30th March 2023

Fundamental Backdrop
1. EURUSD has been bullish
2. Tonight's final GDP q/q for the US could give us an insight on the US economy
3. Market has been pricing in a bullish economy for the US which could potentially lead to short term downside potential in EURUSD

Technical Confluences
1. Price is nearing the resistance level at 1.0881 and could see rejection off this area
2. Any short positions or ideas would be an intraday perspective, especially given the uncertainty in the market currently.


Idea
With a medium bearish bias for the EURUSD today, price could potentially tap into the H4 support at 1.0755.






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