Currency pair EUR USD continues to move in the lateral movement, quotes could update the area of a local minimum, but a full-fledged continuation of the fall, we have not yet seen. At the moment, the euro dollar again test resistance area at 1.0650, from where we can expect the fall to try probable breakdown of the area of support at 1.0520, which will point to a continuation of the downward trend.
EUR USD Forecast FOREX Euro Dollar on December 6, 2016
Cancellation option will be the fall of quotations strong growth above the level of 1.0680, which points to continued growth in the area of 1.0850, where again you can sell the euro dollar. Among the important news that can have a strong impact on the euro exchange rate tomorrow, December 6, 2016, is to provide, composite ISM index for the non-production sphere in the United States, it is expected a slight increase in the indicator at the level of 54.8 to a level of 55.3, which could put pressure on the euro against dollar.
EUR USD Forecast FOREX Euro Dollar on December 6, 2016 suggests an attempt to rebound from the resistance level and the fall in the area at the level of 1.0520 with a potential breakdown down, that point to a continuation of the downward trend.
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