FOREX Forecast EUR/USD for tomorrow, March 4, 2016

Currency pair EUR/USD at FOREX tries to take the ascending correction, we wrote about the potential bounce from these levels around 1.0820. Moreover on a daily chart we saw RSI trying to test the support. We still maintain our position for selling EUR to achieve the point 1.0450. In case of full correction of EUR/USD pair, expect the test in the schedule at the level 1.0980, from where you can trade EUR/USD with close stop again. This variant makes the falling to the schedule 1.0450 even more relevant. But we do not exclude the attempt to continue the falling in the framework of «Head & Shoulders” model on RSI. The growth of index points up to level higher than 56 may cancel the variant.

FOREX Forecast EUR/USD for tomorrow, March 4, 2016

eur_usd_4_03

 

 

 

 

 

 

 

 

 

 

 

 

 

 

So, the Forex forecasts of EUR/USD on the 4th of March 2016 shows the attempt to develop the correction on the pair to achieve level higher than 1.0980, from you can try to trade, but still there are risks to see the falling even from the current levels.

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