The euro initially felt during the week, but found enough support of the 1.06 little to turn around and bounce. By forming a relatively stable looking candle. I think we’re going to try to break above the 1.08 handle. If we do, we could reach towards the 1.10 level, and then possibly the 1.12 handle. However, I think that given enough time the sellers will return as well, due to the central banks and their different interest rate policies. While the European Central Bank has suggested it is going to ease on the quantitative easing, the reality is that they are still doing QED, while the Americans are raising rates.
EUR/USD forecast for the week of March 20, 2017, Technical Analysis
6 months agoByChristopher Lewis
