Currency pair EUR USD continues to move through reduction pair quotes tested the important support area near the level of 1.05. At the moment, there is potential for a rebound in the dollar the euro quotations area above the level of 1.0650, in favor of a rebound of quotations serves breakdown forex Wedge pattern on the indicator of relative strength.
EUR USD Forecast Euro Dollar on February 16, 2017
Cancellation option growth of EUR/USD quotes will sample area 1.05, which points to the continued decline in the area below the level of 1.0350.
Among the important news that could affect the rate of the euro against the dollar, we should mention, volume of building permits issued, the Fed Manufacturing Index Philadelphia, number of initial applications for unemployment benefits.
EUR USD Forecast Euro Dollar on February 16, 2017 suggests an attempt to rebound from the support area with a potential target at 1.0650, the cancellation option fall behind the fall of the euro the dollar below the level of 1.05, which points to the continued decline of quotations in the area below the level of 1.0350.
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