Currency pair EUR USD continues to move in the downward trend. Quotes tightly couples could test resistance area at 1.0510, but the penetration of the field did not happen, so expect continuation of falling of euro dollar quotations in the rebound from this area with the potential to reduce to below 1.0250. Once again, we are trying to sell the Euro Dollar pair with the tight stop, the last position on the pair were closed with good gains. In favor of a continuation of decrease in quotations EUR USD stands and fast test of the descending trend line on the indicator of relative strength.
EUR USD Forecast Euro dollar on December 26, 2016
In the case of the breakdown of 1.0520 area is expected to attempt to develop a strong upward correction with a potential test area at 1.0740. Important Events on Monday 26 December 2016, which may have an impact on the euro exchange rate against the US dollar is expected, so the pair will continue to move in the technical analysis of EUR / USD.
EUR USD Forecast Euro dollar on December 26, 2016 involves an attempt to continue falling with the potential target at 1.0250 level in the rebound from the resistance area, and the upper limit of the downward channel.