EUR/USD Forecast March 1, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 01 March 2016 05:25 UTC
EUR/USD pair initially tried to rally on Monday but then spent most of the day falling. Now that we fell below the 1.09 level, this market should try to grind its way down to the 1.08 level. That area should be massively supportive though, so this is a short-term selling opportunity. If we break down below there though, this market really could kind of come undone. Short-term rallies that show signs of resistance should also be selling opportunities as the downtrend is very strong at this point in time in looks to continue going forward.



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