Currency pair EUR USD continues to move through the development of forex Wedge models and is currently retained potential for development of this model in order to below 1.05 area. However, in case of continued growth and break 1.0750 area is expected tight test the resistance level near 1.0850.
EUR USD Euro Dollar Forecast 19 January 2017
In favor of the version of the fall is the next rebound relative strength indicator values from the resistance line. Is expected to accelerate the fall of the euro dollar quotes only after the breakdown of the uptrend line on the indicator of relative strength.
Among the important news that could have an impact on the euro dollar, we should mention, publication of the ECB decision on the basic interest rate, it is expected that the rate will remain unchanged at 0.00%, the press conference of the ECB, as well as less critical data Deposit ECB rate The interest rate on loans, the Trust the amount of asset purchases.
EUR USD Euro Dollar Forecast 19 January 2017 suggests an attempt to reduce to the lower wedge pattern border with the probability of breakdown and the continuation of its decline, but there are risks of increased volatility when the ECB rate.
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