Currency pair EUR USD continues to move in the downward trend, but at the moment we should not exclude an attempt to increase the euro dollar quotations to the upper boundary of the descending channel, where again is expected to fall to below 1.0530. Break of 1.0530 support area point to a continuation of the fall to a local minimum near the level of 1.0350.
EUR USD Forecast Forex Euro Dollar on February 21, 2017
In favor of a reduction of the euro dollar quotations of the push test downward trend line on the indicator of relative strength.
Cancellation option of falling quotations EUR/USD will perform sample the upper limit of the downward channel.
Among the important news that could affect the rate of the euro against the dollar, we should mention, ECB President Mario Draghi’s speech, the business activity index in the manufacturing sector and the service sector, but do not expect a strong growth volatility at the time of publication of news, since data news having an average degree of impact on the market.
EUR USD Forecast Forex Euro Dollar on February 21, 2017 suggests an attempt descending forex test the upper boundary of the model 5-0 and continue to fall below the level of 1.0530, with the breakdown of which is expected to continue to decline below the level of 1.0350.
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