EUR/USD Forecast Euro Dollar on March 31, 2017


The currency pair Euro Dollar EUR/USD continues to move within the development of the downward trend and currently is testing the lower boundary of the rising channel. It is worth waiting for an attempt to develop a correction for the euro-dollar pair in the region at above the level of 1.0780, where you can again try to sell with a close stop-loss.

EUR/USD Forecast Euro Dollar on March 31, 2017

In favor of the continuation of the fall is the breakdown of the upward trend line, here, too, we should not rule out an attempt to return to this line with a subsequent rebound and a continuation of the decline. The cancellation of the option may be a strong increase above the area of 1.09.

EUR/USD Forecast Euro Dollar on March 31, 2017

Among the important news that could affect the euro against the dollar, it is worth highlighting, the change in the number of unemployed and the unemployment rate in Germany, the Chicago PMI Index, as well as the consumer sentiment index from the University of Michigan.

EUR/USD Forecast Euro Dollar on March 31, 2017 involves an attempt to rebound from the bottom of the rising channel and continue the decline with a potential drop target below the level of 1.0560.


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