EUR/USD Forecast March 14, 2017, Technical Analysis

The EUR/USD pair initially tried to rally on Monday, but found enough resistance of the 100-day exponential moving average to turn things around and form a shooting star. The shooting star of course is a negative candle, and I think the sellers are probably going to come back in and start pushing lower. The breaking of the bottom of the daily range should send this market looking for the 1.0550 level again, and then possibly the 1.05 handle. I believe that the EUR will continue to suffer at the hands of quantitative easing, and therefore attract sellers repeatedly.

Eracash.com - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com