Currency pair EUR USD continues to move in the descending channel and currently is preserved for potential drop in prices to a local minimum at the level of 1.0350. Cancellation option will be a strong growth of quotations of the dollar the euro above the level of 1.07, and the closing beyond the upper limit of the downward channel.
EUR USD Euro Dollar Forecast on January 11, 2017
In favor of the version of the fall is still in favor of formation of topping forex head and shoulders pattern on the indicator of relative strength.
Tomorrow, the market is expected important news Speech by President of the United States Donald Trump with a speech that could provoke a growth of influence, not only on a pair of euro dollar, but also other pairs involving the US dollar.
EUR USD Euro Dollar Forecast on January 11, 2017 suggests an attempt to fall in the rebound from the upper border of the descending channel with a potential target at levels below 1.0350 areas.
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