Forex Analysis Report 3-11-18…How Low Can The EUR/USD Go???

I last spoke about the EUR/USD back in November,

Forex Analysis Report 11-11-18…More Pain In Store For The EUR/USD (Update)

On the daily chart, when price came down to the weekly pivot, it formed a demand zone, but price couldn’t close above the previous highs. Thus, the chart suggests, price will breached this daily supply and continue to fall.

This past Thursday, the European Central Bank (ECB) announced the issuance of a new round of long-term loans to eurozone banks.

NOTE: this is the third issuance
of cheap loans known as targeted long-term refinancing operations (TLTROs) to
eurozone banks.

and extending a pledge

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