Currency pair EUR USD continues to move in the forex Wedge pattern and at the moment struck area of the lower boundary of the model, which indicates that an attempt to continue to fall below the level of 1.05, and a deeper purpose at the level of 1.0350.
EUR USD Forecast Euro Dollar on January 20, 2017
In favor of the falling of quotations version appears breakdown of the trend line on the indicator of relative strength. We continue to hold the dollar and sell the euro to increase the sample volume of short positions on the pair with a close stop above the local maximum level.
But do not attempt to exclude the correction within the completion of formation of topping models forex head and shoulders, and only after that to continue fall. Among the important news that could have an impact on the euro dollar, we should mention, speech of the Fed Board of Governors Chairman Janet Yellen speech, as well as the address by the President of the USA Donald Trump.
EUR USD Forecast Euro Dollar on January 20, 2017 suggests an attempt to fall below the level of 1.05 with a potential target of the fall at a local minimum of 1.0350.
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