The currency pair euro dollar EUR USD continues to move within the framework of the formation of the Forex Triangle model. At the moment, you should not look for an attempt to test the lower boundary of the model near the area of 1.05.
EUR/USD Forecast Euro/Dollar on March 9, 2017
A break of this level will indicate the continuation of the fall into the area below 1.0350. In favor of the fall option, breakdown of the upward trend line on the relative strength indicator will perform. We continue to increase sales and are ready to try new sales with the breakdown of the lower boundary of the Triangle model.
The cancellation of the option will be a strong growth of the euro dollar above the level of 1.0650, which will indicate the continued growth of quotations EUR/USD.
Among the important news that may affect the euro against the dollar, it is worth highlighting, the publication of the ECB’s decision on the basis of the interest rate, the ECB Press Conference, The number of initial applications for unemployment benefits.
EUR/USD Forecast Euro/Dollar on March 9, 2017 suggests an attempt to test the lower boundary of the Triangle model at the level of 1.05 with the potential breakdown of it down.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
