The currency pair Euro Dollar EUR/USD has completed the trading week at the level of 1.0588. The pair was able to show a serious decline and at the moment the potential remains for the continuation of the fall into the area below the level of 1.0350. In favor of the fall is the breakdown of the rising trend line on the indicator of relative strength.
EUR/USD Forecast Euro Dollar on April 10 — 14, 2017
It is worth expecting a tight test of this line and continuing the decline. Also, the potential for completion of the development of the bearish wave model of Wolf is preserved. The cancellation of the variant of the fall in the quotes of the euro will be triggered by the breakdown of the area 1.09, which will indicate the outflow of quotes beyond the descending channel.
Among the important news on the next trading week that may have an impact on the EUR/USD rate is worth highlighting, Speech by Fed Chairman Janet Yellen April 10, Producer Price Index, Initial jobless claims, Consumer Moods Index from the University of Michigan April 13, Consumer Price Index Prices, the consumer price index excluding food and energy prices, and the change in retail trade on April 14.
EUR/USD Forecast Euro Dollar on April 10 — 14, 2017 suggests an attempt to continue falling quotations in the area below the level of 1.0350 as part of the completion of the working off of the bearish wave model of Wolf, the cancellation will be the breakdown of the area 1.09.
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