EUR/USD Euro Dollar rate forecast - down to 1.074 - Forex Trading Today

Forex trading EUR/USD : US Dollar strength is likly to continue for a while. Eventhough EURUSD is going sideways, it will drop sharply in the near future. The resistance line is 1.1354. 1.124 is very meaningful price. The support could be at around 1.074. The euro is in the downward trend.

[EUR/USD rate weekly chart]
Forex trading : EUR/USD Euro Dollar rate forecast - down to 1.074

USDCAD will go up to 1.423. The canadian dollar stays at the same level for a few weeks. However, USDCAD is in upwrad trend, and will start to rise again. Support is 1.335. When they drops, it would be better to find oppertunities to buy.