The currency pair Euro Dollar EUR/USD continues to trade within a downward trend and at the moment quotations are testing the area of 1.0625. The pair was able to show a rebound from the upper border of the bearish model 5-0 and expect an attempt to continue the decline in the area below the damage of 1.0520.
EUR/USD Forecast Euro Dollar on April 17, 2017
In favor of the fall, the formation of the head and shoulders reversal model will be completed. The cancellation of the variant of falling quotations of the euro dollar will be a strong growth and breakdown of the region 1.0680, which will indicate the continuation of the development of the upward correction for the euro.
Among the important news that can affect the euro against the dollar, it is worth highlighting, the production index of Empire Manufacturing in the US.
EUR/USD Forecast Euro Dollar on April 17, 2017 suggests an attempt to continue the decline in the area below the level of 1.0520 as part of the completion of the bearish model 5-0, the cancellation will be the breakdown of the area 1.0680.
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