Currency pair EUR USD ends week lower trading near the resistance area at 1.0550. Already at the beginning of a new trading week worth continuing attempt pressed fall within the descending model FX 1:1 with a view to potential falling below the area below 1.02. In favor of the version of the fall of the euro dollar quotes appears tight test downward trend line on the indicator of relative strength.
Euro Dollar forecast EUR USD on January 9, 2017 — January 13, 2017
Cancellation option drop in prices of the currency pair EUR USD will be 1.0720 breakdown field that will indicate quotations going beyond the upper limit of the downward channel and the continued development of ascending correction.
Expect accelerating drop in prices should be expected from the local minimum area of breakdown at the level of 1.0350.
Among the important news on the next trading week, which may influence the course EUR USD stands out, level of vacancies and labor turnover from the Bureau of Labor Statistics 10 January 2017, the ECB report to the meeting of the Monetary Policy January 12, 2017, Chairman of the Federal Reserve Board Janet Yellen will deliver a speech January 13, 2107, the same day the market will get important data, retail Sales, Producer Price Index, consumer sentiment index from the University of Michigan.
Euro Dollar forecast EUR USD on January 9, 2017 — January 13, 2017 suggests an attempt to rebound from the upper border of the descending channel and continuing decline in mining within a bearish pattern 1:1 with the potential to reduce the level below 1.02 area, the abolition of the camp of the sample area 1.0720, which will point to a continuation of upward correction for the pair.
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