The EUR/USD again showed decrease to the level of 1.10; consolidation continues, and the world press fanning the fire of potential rebound of euro after the publication of the results of the ECB meeting.
Daily forex forecast EUR/USD on March 10
Currency pair EUR/USD has no particular direction. The RSI showed a rebound from the resistance level, and the “bears” on the euro again pressed through the quotes below 1.10. On the four-hour chart eurodollar formed an inverted “head and shoulders”, which implies a growth in the euro area of 1.1150. Forecast EUR/USD on March 10 provides an upward movement in case of breakdown of 1.10 level.
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