EUR/USD technical analysis and forecast on March 30

Bulls on the EUR/USD pair intend to continue to grow. Speech of the Federal Reserve Bank of San Francisco head John Williams puts pressure on the dollar. Williams said that the events taking place in developing countries such as China and Brazil have an impact not only on inflation but also on the US labor market.

EUR/USD technical analysis and forecast on March 30

The European currency shows the growth started at level of 1.1150, the relative strength indicator on the four-hour chart of EUR/USD continues to increase, which is a signal in favor of further growth of the pair. As part of the forecast EUR/USD for tomorrow, is expected the continue of upward movement to the upper boundary of the rising channel.

 

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