daily forex forecast eur usd

Saturday, 27 February 2016

EUR/USD Weekly Forecast Feb 29-March 4 2016

We have seen EUR/USD struggling in this week as it happened in the last week and now its touching the lower place. We have more data to come for inflation and PMIs in the ECB meeting.

EUR/USD falls to 1.10 as I have already published in the prior week and there was support of 1.0960 as already discussed in the last week. From the start of 2016 this pair is in uptrend from the lower levels of 1.0710 but for now price and the line are now getting more closer to each other.

There will be a high stress of inflation on Mario Draghi and his co-workers. It is expected that ECB will push this pair more lower. Concluding every thing including Fundamental and Technical analysis I will say that:

COMMENT: Sell EUR/USD this week.


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