Currency pair EUR USD continues to move in the upward correction, but at the moment the pair is trying to leave again in a reversal of the movement. In favor of the fall is the breakdown and the rebound from the resistance line on the indicator of relative strength.
EUR USD Forecast Euro Dollar on February 7, 2017
We try to increase the amount of aggressive selling on the euro dollar. Cancellation option of falling quotations EUR/USD will be strong growth and the breakdown of the area of a local maximum; it will point to continued growth in the region above the level of 1.0870.
The immediate goal of the fall is the area at the level of 1.0520. Among the important news in Forex, which may have an impact on the euro dollar, we should mention, foreign trade balance of the United States, as well as the level of vacancies and labor turnover from the US Bureau of Statistics.
EUR USD Forecast Euro Dollar on February 7, 2017 suggests an attempt to continue falling in the area at the level of 1.0620, the breakdown of which points to the continued decline to the level of 1.0520, the cancellation option fall will be strong growth and the breakdown of 1.0870 areas.
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