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06.03.2020: Forex Analysis & Reviews: The weakness of the American dollar in all directions. Forex video forecast for March 6

The weakness of the US dollar is observed in all directions, what allows to strengthen its position even to the British pound, which shows growth in front of the expected decrease in interest rates in the UK. The euro is steadily moving towards the 13th figure.


Signals for the EURUSD pair:


A break through the level of 1.1239 will lead to a growth in the euro in the area of 1.1279 and 1.1311


Breakthrough 1.1196 will lead to sales of the euro in the area of 1.1156 and 1.1102


Signals for the GBPUSD pair:


A break of 1.2973 will lead to a growth of the pound in the area of 1.3006 and 1.3036


Breakthrough 1.2918 will lead to sales of the pound in the area of 1.2875 and 1.2833


Fundamental data:


US unemployment rate


US Non-Farm Employment Change


US Foreign Trade Balance

*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
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