السبت، 5 مارس 2016

Weekly Outlook for EUR/USD 07/03/2016 to 11/03/2016





EUR/USD had another week of struggle and slid to lower ground. More inflation numbers as well as Minimum Bid Rate stand out in the week that precedes the ECB Press Conference . Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD.

These week we start with resistance 1.1125 which play strong role for taking up EUR/USD these week
There is key Support 1.0762 if its break these level means this pair will fall until its test key support level which is 1.0505
I am remain bearish on EUR/USD

The deteriorating inflation situation keeps a high level of pressure on Mario Draghi and his colleagues. Further worries about the economic recovery fueled with speculation regarding the ECB’s moves could push the common currency lower

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