It is hard for “Bulls” on EUR/USD to continue the growth within the positive houses sale statistics on the US primary market on February. (+512). The additional pressure comes from the oil price drop in the current week.
Daily forex forecast/signal EUR/USD on March 25
The currency pair EUR/USD has pierced the bottom border of the ascending channel. On the four hour chart EUR/USD the numbers of the RSI is getting closer to the support level, which limits the further falling of euro quotations to the area 1.1050-1.1100. Within the EUR/USD forecast for 25 March 2016 expect the return of the mentioned levels’ ascending trend.
