EURO has acutely dropped in the pair of EUR/USD after the European Central Bank announced about the new stimulating measures. ECB has decided to low the deposit rate and the standard refinance rate according to the political meeting outcomes.
Daily forex forecast EUR/USD on March 11
The EURO exchange rate has dropped to the bottom line of the appeared ascending trend The RSI on the daily chart is in the support area, the reduction is limited by 1.08 level. If “Bears” on the EURO would manage to stay under the bottom line of the trend, the following reduction with the goal in the area of 1.07 is to be expected.
Other useful information for traders:
- Forex Forecasts & Analysis
- Forex Brokers Reviews
- Rating Forex Brokers
- XM Broker Reviews
