Technical analysis of EUR/USD 01/03/2018

The euro dollar currency pair EUR/USD continues to move within the ascending channel after a false break through its lower boundary. At the moment, we should expect an attempt to test the upper limit of the channel and the resistance level in the area of ​​1.1500.
A breakdown of the downward trend line on the RSI indicator will take place in favor of the growth of the EUR/USD quotes. A strong fall below 1.1240 will be a cancellation of the growth rate of the euro dollar quotes.
Among the important news from Europe and America, which may have an impact on the EUR/USD pair, it is worth highlighting: ISM Manufacturing Index.


Created by Joshua Hayn

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