Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.2334 and continues to move within the bullish channel. At the moment, we should expect the test of the support area test near the level of 1.2100 and the continuation of growth in the area above 1.2900.
EUR/USD weekly forecast on March 26 — 30, 2018
In favor of EUR/USD growth, the line test will be supported on the relative strength indicator, as well as the test of the lower border of the channel. The cancellation of the growth of the pair’s quotations in the current trading week will be a drop and breakdown at the level of 1.1950, which will indicate the breakdown of the lower border of the channel and the continuation of the pair’s fall into the area below the level of 1.1550.
EUR/USD weekly forecast on March 26 — 30, 2018 suggests an attempt to fall in the support area near the level of 1.2100, where we can expect to continue growth to the area above 1.2900, in favor of growth will enter a trend line test on the indicator of relative strength index (RSI).