Currency pair EUR USD continues to move in the forex reversal patterns and head and shoulders at the moment the quotes struck the area of the neckline, we should expect an attempt to test the breached border and continue to fall below the level of 1.05.
EUR USD Forex Forecast on January 31, 2017
In favor of a continuation of falling of euro dollar quotes appears rebound relative strength indicator values from the resistance line.
Cancellation option will drop the pair quotes strong growth above the level of 1.0750, which points to continued growth in the region of 1.0850.
Among the important news that could have an impact on the euro dollar, we should mention, ECB President Mario Draghi’s speech to speech, as well as the indicator of consumer confidence in the United States.
EUR USD Forex Forecast on January 31, 2017 suggests an attempt to continue the fall of the euro dollar quotations within mining reversal forex head and shoulders pattern with a potential to reduce the level below 1.05 area.
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