Currency pair EUR USD continues to move in the downward trend. Quotes are trying to break through the lower boundary of Ichimoku Cloud that will point to the decrease in the confirmation. Earlier, a weak signal was received on the market due to the intersection of the signal lines in favor of fall.
EUR/USD forecast Euro exchange rate on March 2017
Even with the breakdown of the lower limit of the Ichimoku Cloud drop in prices below 1.0550 area is expected to continue falling euro against the dollar to below 1.0350.
Cancellation option drop in prices will make the breakdown area 1.0750, which indicates the euro breaks the upper border of the Ichimoku Cloud and the potential change of the trend in favor of growth, in this case you should consider buying the pair EUR/USD. Is expected to accelerate the fall of the euro price in March 2017 is a breakdown of the 1.0470 area.
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