The currency pair Euro Dollar EUR USD continues to move within the framework of the upward movement and at the moment the values of the relative strength indicator are once again repelled from the upward trend line. It is worth expecting another attempt to increase the pair’s quotations to the area above the level of 1.0810, to consider selling EUR/USD stands with the breakdown of the upward support line on the indicator of relative strength, which will indicate a potential test of a similar line on the price chart.
EUR/USD Forecast Euro Dollar on March 27, 2017
In favor of falling quotations of the pair is also the breakdown of the Forex model of the Wedge, which indicates a decrease with the first target near the area of 1.07. Canceling the option will be continued growth and breakdown of the area 1.0850.
Among the important news that may affect the euro against the dollar, it is worth highlighting, the Business Environment Indicator from IFO in Germany, the Indicator of the current situation from IFO, the Indicator of economic expectations from IFO, the speech of a FOMC member with a speech.
EUR/USD Forecast Euro Dollar on March 27, 2017 involves an attempt to test the area of highs and with the breakdown of the ascending trend line it is worth waiting for the beginning of the fall with the first goal near the area of 1.07.
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