RobertPapon

Analysis and forecasts for EUR / USD 03/30/16

FX:EURUSD   Euro / U.S. Dollar
Today's strong growth over the important resistance located in the area of 1,1220-45, open the demand side of the road to higher price levels. The next targets for the demand should be the levels of 1.1343 (peak on March 17) and 1.1373 (maximum of 11 of February). In the longer term I would expect growth toward resistance levels are located at 1,1441-60 (peaks of 17 and 18 September) and 1.1495.

In my opinion, further increases may be preceded by a correction, which should not exceed the level of 1.1245. Then the demand side should move out another attack towards resistance 1.1303 and 1.1343.
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