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Dec 11, 2016

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Market Analysis

Home » Charts » Mar. 16, 2015: Dollar Weakness Drives Euro Rally

Mar. 16, 2015: Dollar Weakness Drives Euro Rally

Posted by FXTimes in Charts - March 16th, 2015 10:40 pm GMT

The EURUSD recovered from a 12-year low on Monday, gaining 68 pips to 1.0565. Initial support is located at 1.0717 and resistance is at 1.1094. The pair is oversold on the daily RSI. The MACD is below zero, as the EURUSD continues to struggle below the long-run average. The outlook on the euro is negative, as the push to parity continues.

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