Forecast EUR/USD on 01.03.2016. Euro remains under pressure

forex-news-euro_3Publication of strong statistics from the US became a catalyst for “bearish” attack on the EUR/USD, which forced the euro fall below the important support at 1.10 much earlier than it was expected.

Technical analysis and forecast for EUR/USD on tomorrow

“Bears” on the EUR/USD pair continue to support a downward trend, the euro exchange rate shows a decline and is close to the goal of the weekly forecast by ForexNews.pro. However, a further decline can be stopped by support level on the RSI indicator. Forecast EUR/USD on 01.03.2016 provides for a reduction to the level of 1.08, where rate can jump to the upper border of the descending formed channel.

 

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