Currency pair EUR USD continues to move in the upward correction, at the moment there are risks to see a tight test 1.0850 areas, but the potential for falling euro quotations dollar saved. In favor of reducing perform the test downward trend line on the indicator of relative strength.
EUR USD forecast on February 2, 2017
Cancellation option attempts to turn the euro the dollar will be strong growth and the breakdown of 1.0930 areas, which point to a continuation of growth of pair. Is expected to accelerate the fall of quotations is a breakdown of the rising channel’s lower border.
Among the important news that could have an impact on the euro dollar, we should mention, by the European Commission forecast on the economy, Speech Mario Draghi speech, number of initial applications for benefits for unemployment in the US.
EUR USD forecast on February 2, 2017 suggests the rebound from the resistance area and a breakdown of the lower boundary of the channel reversal attempt and completion of the current upward correction on the euro dollar.
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