EUR/USD Forecast March 15, 2017, Technical Analysis

The EUR/USD pair fell on Tuesday, breaking the bottom of a shooting star from Monday. This is a very negative sign, and I believe that if we can break down below the bottom of the range for the session, we will probably reach towards the 1.05 level over the longer term. Every time we rally, I think there will be sellers, and we are still in a long-term downtrend. With the FOMC Statement coming out today, signs of hawkishness and continued hawkishness should send this pair lower. Expect an interest rate high during the session, but that in and of itself won’t be a major factor. - 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.

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