The currency pair Euro Dollar EUR/USD continues to move within the framework of growth. At the moment, we should expect a test of the support level near the area of 1.2320, where again we should expect a rebound attempt and the continued growth of the euro/dollar with a target above 1.2575. In favor of EUR/USD quotes growth, the trend line test will be performed on the indicator of relative strength index (RSI).
EUR/USD forecast & technical analysis March 7, 2018
The cancellation of the variant of Euro/Dollar price growth will be a breakdown at the level of 1.2290, which will indicate the breakdown of the support area and the continuation of the decline of the Euro/Dollar below the level of 1.2190. To expect confirmation of the development of the bullish trend for the pair is with the breakdown of the resistance area and the closure above the area of 1.2580.
EUR/USD forecast & technical analysis March 7, 2018 suggests a test of the support area near 1.2320, where we expect a rebound and an attempt to continue the pair’s growth above 1.2575, the cancellation of the EUR/USD growth option will be a 1.2290 breakdown, indicating that continued falling of the pair in the area below the level of 1.2190.
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