Currency pair EUR/USD on FOREX continues to fall in a downtrend. The values of the relative strength indicator have not been able to develop a full correction, but there is a structure to reduce, at the moment we should expect the attempt to continue falling in the area at the level of 1.08. We continue to hold a short position on the euro dollar pair and still expect EUR/USD pair’s attempt to go into a correction to give new levels of sales for the euro in the near future. We recall that the potential target of the fall is the area on the level below 1.0450.
FOREX Forecast EUR/USD for tomorrow 03.03.2016.
Thus, the FOREX forecast for EUR/USD for tomorrow, March 3, 2016 suggests an attempt to fall within the head and shoulders pattern on the indicator of relative strength, but the potential of the euro falling dollar limited by level of 1.08.
