Currency pair EUR USD continues to move in the upward correction. At the moment, the pair quotes have almost reached the upper border of resistance at 1.0850, from where we can expect an attempt to drop and the development of the downward trend. In favor of the euro quotations falling dollar will make a tight test of resistance on the downlink indicator of relative strength.
EUR USD Forecast on February 3, 2017
Cancellation option will be a strong growth of quotations EUR/USD pair above the level of 1.09, which points to continued growth in the region of 1.14 in the long term.
Among the important news in Forex, which may have an impact on the euro dollar, we should mention, the US unemployment rate, and the rate NON-FARM PAYROLS (change in the number of people employed in non-agricultural sector), ISM composite index for the non-productive sphere.
EUR USD Forecast on February 3, 2017 suggests an attempt to test the area of 1.0850 and started falling, expected completion upward correction is only a breakdown of the rising channel’s lower border.
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