The currency pair Euro Dollar EUR/USD continues to move within the downward channel and at the moment there is a potential for falling quotations in the area below the level of 1.0560. In favor of the fall is the breakdown of the upward trend line on the indicator of relative strength, which indicates the breakdown of the local minimum area by closing prices.
EUR/USD Forecast Euro Dollar on April 13, 2017
Cancellation of the variant of the fall in the quotations of the euro dollar will be the breakdown of the region 1.0650, which will indicate the continued growth of EUR/USD. Expect to accelerate the fall is with the breakdown of the local minimum area.
Among the important news that can affect the euro against the dollar, it is worth mentioning, the Producer Price Index, the Number of Initial Applications for Unemployment Benefits, and the Consumer Moods Index from the University of Michigan.
EUR/USD Forecast Euro Dollar on April 13, 2017 involves an attempt to fall to the area below the level of 1.0560 within the rebound from the upper boundary of the descending channel, the cancellation will be the breakdown of the area 1.0650, which will indicate the continuation of the upward correction for the euro.
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