Currency pair EUR USD Euro Dollar continues moving inside the descending pattern forex 1:1 and is stored potential to continue falling in the area of a local minimum at the level of 1.0350. We continue to try to sell the dollar and the euro are increasing the amount of short positions on the pair EUR/USD.
EUR USD Forecast euro dollar on March 2, 2017
Cancellation option will be the fall of the euro breakdown upper boundary of the descending channel that will indicate the completion of an ongoing downtrend for the pair and try to point to a reversal in the area above the level of 1.09. In case of breakdown of the lower limit is expected to accelerate the fall of the euro, the dollar quotes.
Among the important news that could affect the rate of the euro against the dollar, we should mention, the consumer price index, the main index of consumer prices in the EU, the number of initial applications for benefits for unemployment in the US.
EUR USD Forecast euro dollar on March 2, 2017 suggests an attempt to continue falling in the framework of the descending pattern of 1:1 in order to fall in the level of 1.0350, in case of breaking the upper border of the channel should consider buying the euro against the dollar with the first target at the level of 1.09.
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