EUR/USD Forecast Euro Dollar March 8, 2019


Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the formation of the «Wedge» model. At the time of the publication of the forecast, the euro/dollar rate is 1.1242. At the moment, we should expect an attempt to fall and a test of the support level near the area of ​​1.1190. Further, the continuation of the growth of the currency pair Euro/Dollar. A potential goal of such a movement is the area above the level of 1.1345.

EUR/USD Forecast Euro Dollar March 8, 2019

A test of the support line on the relative strength index (RSI) will be in favor of the EUR/USD quotes growth. The second signal will be the formation of the ascending model «Wolfe Wave». Cancellation of the growth rate of the euro/dollar quotes will fall and the breakdown of the level of 1.1145. This will indicate a breakdown of the support area and the continuation of falling into the area at the level of 1.1025. Expect confirmation of growth for the pair EUR/USD stands with the breakdown of the upper boundary of the model and closing above 1.1365.

EUR/USD Forecast Euro Dollar March 8, 2019

Among the important news from Europe and America that may affect the course of the EUR/USD pair, it is worth highlighting: The unemployment rate, the change in the number of people employed in the non-agricultural sector.

EUR/USD Forecast Euro Dollar March 8, 2019 implies an attempt to test the support area near the level of 1.1190. Where should we expect a rebound and an attempt to continue the growth of the pair in the area above the level of 1.1345. A test of the support area on the relative strength index (RSI) will be in favor of the rise of the currency pair. Cancellation of the growth option EUR/USD will be the fall and the breakdown level of 1.1145. This will indicate a breakdown of the support area and a continued decline in the pair to an area below the 1.1025 level.


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