Currency pair EUR USD Euro Dollar continues moving inside the descending pattern and forex at the moment conserved potential for breakdown of 1.0420 area, and continue falling to a local minimum. We continue to hold euro selling against the dollar and increase the amount of short positions on the pair.
EUR USD Forecast Euro Dollar on March 3, 2017
Cancellation option will drop the breakdown of the upper limit of the downward channel, and the growth of quotations EUR/USD above the 1.0645 area. Is expected to accelerate the fall of quotations is a breakdown of the channel’s lower border.
Among the important news that could affect the rate of the euro against the dollar, we should mention, Speech FOMC members with speech, as well as Fed Chairman, Retail Sales in Germany.
EUR USD Forecast Euro Dollar on March 3, 2017 suggests an attempt to continue falling in the framework of the descending forex model 1:1, and a breakdown of 1.0425 area is expected to fall in a local minimum at 1.0350 area.
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