“Hawkish” rhetoric of the Federal Reserve System keeps supporting dollar. Month ECB bulletin is demonstrating the recovery in Euro zone, but we have the negative influence of the emergent markets weak growth and instability on financial markets.
EUR/USD technical analysis and forecast for 03/28/2016 – 04/01/2016 week
The currency pair EUR/USD has slowed down the falling by the end of the trading week, but the risk of quotations drop toward the 1.1100 level still exists. The Relative Strength Index keeps falling after the rebound from the support level. The EUR/USD forecast for the week 03/28/2016 – 04/01/2016 considers the renewal of quotations growth in the framework of the ascending price channel from the current positions or from supportive level 1.11, the main goal is at the area 1.14.
