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FX.co ★ The weakness of the American dollar in all directions. Forex video forecast for March 6

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Forex Analysis:::2020-03-06T07:19:29

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

Analyst InstaForex
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