Currency pair EUR USD EUR USD continues to move in line with expectations and our forecast of the euro the dollar tomorrow. Currently tested quotes pair region of the upper boundary of the descending channel, which indicates the likely incidence of rebound and a potential target of the model FX 1:1 in the area below 1.0320.
EUR USD Forecast Euro Dollar Forex December 9, 2016
Cancellation option will be the fall of the strong growth and the breakdown of 1.0860 areas, that will indicate the quotations leaves the channel, and continued growth in EUR USD. In favor of the continuation of the fall is the test of the downtrend line on the indicator of relative strength. We try to sell the pair aggressive and ready to build short positions as far as reducing the development. Among the data that may have an impact on the euro dollar exchange rate pair tomorrow December 9, 2016, is to provide, consumer sentiment index from the University of Michigan, is expected a slight increase from the level of 93.8 to 94.3 level that can support the US Dollar exchange rate.
EUR USD Forecast Euro Dollar Forex December 9, 2016 suggests an attempt to fall within the beginning of the descending forex model 1: 1 with a view to a potential fall in the level below the 1.0320 area.
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