EUR/USD Forecast March 23, 2017, Technical Analysis

The EUR/USD pair fell initially during the day on Wednesday but found enough support just below the 1.08 level to turn things around and form a hammer. If we can break above the top of the range for the session, I feel that the EUR will break out and start going towards the 1.10 level above. Recently, we have made a higher low, so it would not be a huge surprise to see this happen. The market is starting to anticipate that the ECB is going to lay off quantitative easing going forward, and then of course makes value hunters come out. - 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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