Currency pair EUR USD continues to move in the upward correction is complete. Currently quotes fled the forex Wedge pattern, and has the potential to continue falling euro dollar quotations for the purpose at a level below the area of 1.0450. In favor of continuing drop in prices pair performs the breakdown of the trend line on the indicator of relative strength, a sample was held for the first time since December last year.
EUR USD Forex forecast Euro/Dollar on January 30, 2017
But do not rule out return to try to test the broken trend line from the bottom, and only after that to continue fall. Cancellation option of falling EUR/USD will be strong growth and the breakdown of the area of a local maximum, it will point to the continued growth of quotations of the euro dollar to 1.0850.
Among the important news that could have an impact on the euro dollar, we should mention, the main index of the cost of private consumption in the United States, changes in household spending in the US consumer price index in Germany.
EUR USD Forex forecast Euro/Dollar on January 30, 2017 suggests an attempt to continue to reduce the potential target at a level below the area of 1.05, cancellation scenario will be a strong growth of quotations of the dollar and the euro area breakdown of a local maximum.
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