The currency pair Euro/Dollar EUR/USD is still traded by expectations, at the moment, the pair is forming the big reversal model “Head&Shoulders” and keeps falling. Euro/Dollar has already demonstrated the failure swing model on the Related Strength Index, from the current levels we can see the attempt of Euro correlation in the framework of finishing the right shoulder of the model, we would not recommend to buy EUR/USD on Forex, it is better to look only for sales.
Daily forex forecast/signal EUR/USD on March 16.
Thus, the FOREX technical forecast EUR/USD for tomorrow 16.03.2016 considers the attempt of the EUR/USD correlation and the further falling with the closest goal at the level lower than 1.0820.
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