Currency pair Euro Dollar EUR USD continues moving inside the descending pattern and forex at the moment is preserved for potential continuation of falling of quotations of the dollar euro to below 1.05. In favor of the fall is the dense test downward trend line on the indicator of relative strength.
EUR USD Forecast Euro Dollar on March 1, 2017
Also, do not rule out an attempt to increase a hundred to the upper boundary of the descending channel, and only then expect continuation of decrease. We try aggressive sales eur usd with a close stop loss above the level of the channel.
Is expected to accelerate the fall of the pair of quotes is a breakdown of the channel’s lower border, which indicates the formation of a strong signal in favor of a pair of sales.
Among the important news that could affect the rate of the euro against the dollar, we should mention, ISM manufacturing index in the United States, change in the number of unemployed in Germany, as well as unemployment, the economic publication of the Fed’s regional survey “Beige Book”.
EUR USD Forecast Euro Dollar on March 1, 2017 suggests an attempt to continue falling in the beginning of the descending part of forex 1:1 model with a potential target of the field at a level below 1.05, the cancellation option will sample the upper limit of the downward channel.
