Currency pair EUR USD continues to move in the upward movement, but the values of the relative strength indicator met resistance in the form of a downward trend line, indicating the potential to rebound from the current levels and the fall of the euro dollar to below 1.0450.
EUR USD Forex Forecast on February 27, 2017
Cancellation option will be a breakdown of the upper limit of the downward channel and the closing quotations of the pair above the 1.0650 level, which points to a continuation of the upward movement in the area above the level of 1.0740 in the framework of completion of work bullish wave pattern Wolfe.
We try to sell the pair eur usd and willing to try new deal in favor of the sales with a decrease in development.
Among the important news that could affect the rate of the euro against the dollar, we should mention, change in the volume of orders for durable goods in the US, as well as changes M3 money supply in the EU.
EUR USD Forex Forecast on February 27, 2017 suggests an attempt to drop a pair of quotes in the area below the 1.0450 resistance within the downlink test indicator of relative strength.
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