Currency pair Euro Dollar EUR USD continues to move within the framework of the Forex Triangle model and at the moment the quotes of the pair have come close to the upper limit of the model. The potential remains for the rebound from the current level and continuation of the fall of the pair into the area below the level of 1.0620, the breakdown of which will indicate the continuation of the fall into the area below 1.05.
EUR/USD Forecast Euro Dollar on March 20, 2017
In favor of lowering the quotes of the euro, the dollar from current levels is the formation of the reversal Forex Head and shoulders models on the indicator of relative strength. The cancellation of the fall variant will be a breakdown of the region of the upper boundary of the Triangle model.
Important news from Europe and America, which may have an impact on the euro exchange rate, is not expected, so the pair will continue to move within the technical analysis of EUR/USD.
EUR/USD Forecast Euro Dollar on March 20, 2017 involves an attempt to fall as part of the development of the reversal forex model Head and shoulders on the indicator of relative strength with a potential drop target at 1.0620.
