Currency pair EUR USD continues to move in the upward correction and is currently testing the support area tightly, and there are risks to see again the update region of a local maximum.
The values of the relative strength indicator is also trading above the above the trend line, as soon as the line is broken, we can expect continuation of falling of an attempt with the first target at 1.0620.
EUR USD Euro Dollar Forecast on January 26, 2017
Among the important news that could have an impact on the euro dollar is to provide a number of initial applications for benefits for unemployment in the US, it is expected the growth rate to the level of 234K to a level of 247K, the number of repeat applications for unemployment benefits, the balance of foreign trade in goods, The volume of home sales in the primary market.
EUR USD Euro Dollar Forecast on January 26, 2017 suggests an attempt to upgrade the area of a local maximum and a new attempt to fall, but expect a correction certification is a breakdown of the trend line on the indicator of relative strength that will indicate a potential decrease in an area below the level of 1.0350.
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