The currency pair Euro Dollar EUR/USD continues to fall and at the moment the pair’s quotations are traded near the area of 1.0580. There is a potential for continuing the development of the downward trend with a view to falling below the area of 1.0480.
EUR/USD Forecast Euro Dollar on April 11, 2017
In favor of falling from current levels is the downward resistance line test on the relative strength indicator. Abolishing the variant of falling of quotations of euro the dollar becomes breakdown of the top border of the descending channel and closing above area 1.0635.
Among the important news from Europe and America that can influence the euro against the dollar, it is worth noting, the ZEW index of sentiment in the business environment, the Current Situation Index from the ZEW Institute, the Level of Vacancies and Turnover in the US.
EUR/USD Forecast Euro Dollar on April 11, 2017 suggests an attempt to continue falling into the area below the level of 1.0480 within the rebound from the downward trend line on the indicator of relative strength, the cancellation will be the breakdown of the area 1.0635.
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