The currency pair Euro Dollar EUR USD continues the development of the upward correction. However, while the pair is trading within the framework of the Forex Triangle model, one should expect an attempt to drop the euro dollar. The values of the relative strength indicator are traded at critical levels, which indicates an early fall of the pair with the first target near the level of 1.0650.
EUR/USD Forecast Euro Dollar on March 14, 2017
In favor of the fall of the euro, the dollar is also indicated by a test of the breached border of the rising channel. The cancellation of the variant may be the breakdown of the region 1.0750, which indicates a tight test of the upper boundary of the Triangle model near the area of 1.0790.
Among the important news that can influence the euro against the dollar, it is worth highlighting the ZEW business sentiment index in Germany, the growth of the indicator from the level of 10.4 to the level of 13.2, the index of the current situation from the ZEW institute, the index of moods in the business environment From the ZEW Institute in the EU, the Producer Price Index in the USA.
EUR/USD Forecast Euro Dollar on March 14, 2017 involves an attempt to rebound from the resistance area with a potential test level of 1.0650, the cancellation will be the breakdown of the area 1.0750.
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