The Euro rate started falling on Monday because of the “pigeon” speech of the main ECB economist Peter Praet, who said that the regulator still has not reached the bottom border of the rates and can cut them in case of the negative forecasts realization.
Daily forex forecast/signal EUR/USD on March 22
The currency pair EUR/USD has fallen down after its growth to the area of 1.1340, we can see the falling on the RSI that tells us about possible continuation of the correlation. But the main goal for “bulls” on Euro is laid in the area of 1.1400. The EUR/USD forecast for tomorrow considers the return of Euro rate to the top border of the ascending channel.
