EUR / USD Forecast March 2014
Finally March 2014 is here, for this month is expected to further reduce U.S. inorganic printing money to buy its own debt . Everything will depend on the NFP report to be presented on Friday March 7, 2014 , with consensus of 160k with a previous reading of 113k . A result above the market consensus is bullish for the USD, while a low reading is bearish expectations . The report will be sweetly waiting , meanwhile the price range will be . The consensus is high according to the trend which can be interpreted is expected to continue with the process whereby quantum relaxation which from the fundamental point of view it would be expected that the price of EUR / USD bullish follow .
From the technical point of view the price of the pair is in week resistance by 1.38 which will be very difficult to break, with a possible change in trend seeking support bracket 1 seek to break 1.3470 2 1.3370 support .
From the technical point of view the price of the pair is in week resistance by 1.38 which will be very difficult to break, with a possible change in trend seeking support bracket 1 seek to break 1.3470 2 1.3370 support .
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.