The Euro will continue to fall before Catholic Easter

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On Wednesday of the European session the greenback is trading in positive territory against most currencies. Rates of major currencies fell sharply from the opening. The pair pound/dollar fell to $1,4134, and the pair Euro/dollar – up to $1,2377.
At the time of writing the review, “British” was worth $1,4146. Its weakening has contributed to disappointing data on retail sales in the UK in March. The index fell to -8 points, compared with +8 in February and the forecast of +7.
The Euro is worth $1,2407. The price is trading within the range of Tuesday. I think that before the Catholic Easter, the weakening of the single currency will continue on the background of profit fixation on long positions. European markets will be closed from 30 March to 2 April. Thursday before the long weekend subject to extreme fluctuations. The goal for the Euro/dollar today remains the same at $1,2372.
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Vladislav Antonov,
Analyst
Alpari