FX.co ★ EUR/USD Bearish Outlook, March 15, 2011 (Daily Strategy)

EUR/USD

The Euro – United States dollar pair, is below the Weekly Pivot from this point we believe that the pair will continue downwards to touch the trend line formed in 4 hours.

it is likely the correct time for entry into a sell deal on the pair.

The RSI and Momentum indicators adds weight to the negative prediction on the pair, which is likely to move back down to the lower range of the shuffle. with an exit goal around the trend line of 1.3610 United States dollars for one Euro