The currency pair Euro Dollar EUR/USD continues to trade in a downward trend and at the moment quotes are testing the area of the upper border of the downlink at the level of 1.0625. The potential for falling quotations in the area below the level of 1.0550 is preserved. In favor of the decline is the formation of the reversal Forex Head and Shoulders models, as well as the downward resistance line test on the relative strength indicator. Expect to accelerate the fall in quotations Euro Dollar is worth a breakdown of the neck line and closing the pair below the area of 1.0595.
EUR/USD Forecast Euro Dollar on April 18, 2017
Among the important news that can influence the euro against the dollar, it is worth highlighting, the volume of issued construction permits, the number of new foundation laying, the change in the volume of industrial production.
EUR/USD Forecast Euro Dollar on April 18, 2017 involves an attempt to fall to the area below the level of 1.0550 as part of the development of the reversal Forex model, cancel the breakdown of the area 1.07, which will indicate the continued growth of the pair’s quotations to the area above the level of 1.0850.
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