Currency pair euro dollar EUR USD continues to move within the framework of strong growth and is testing the resistance area near the level of 1.08. We should expect a rebound attempt and falling euro dollar quotations in the area below the 1.07 level within the framework of the beginning of working out a reversal wedge model.
EUR/USD Forecast Euro Dollar on March 23, 2017
The benefit falling perform sample upward trendline on the relative strength indicator, which points to the conclusion of a rising euro correction. Cancellation option can be broken through the resistance area, in this case, we should expect a tight test of 1.0860 area.
Among the important news that could affect the rate of the euro against the dollar, we should mention, number of applications for benefits for unemployment in the US, long-term refinancing volume in the EU Speech by Chairman of the Federal Reserve Janet Yellen speech.
EUR/USD Forecast Euro Dollar on March 23, 2017 suggests another attempt to fall within the beginning of mining forex Wedge pattern in order to reduce the area of near 1.07.
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