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