Forex forecasts 12-03-2016 by FXFINPRO CAPITAL
11.03.2016 - The price of euro resumed growth after a strong fall
The price of euro after strong growth to the important level of 1.1200, started to correct downwards and in the near future may fall to the level of 1.1050 and 1.0985. In case of resumption of growth, the price may return to level of 1.1200, but overcoming it is unlikely. According to our forecasts, the decline will continue in the near future and after breaking through the support levels at 1.1050 and 1.0985, the fall will continue to 1.0800 and 1.0700. Our medium-term outlook remains negative.