The currency pair Euro Dollar EUR/USD continues to be traded near the resistance area and at the moment there is still potential for falling of quotes of the pair in the area below the level of 1.0550. In favor of the fall of the euro, the dollar bounces off the upper limit of the Triangle model, as well as a tight test of the resistance area on the indicator of relative strength.
EUR/USD Forecast Euro Dollar on April 19, 2017
The cancellation of the variant of the fall of the quotations of the euro against the dollar will be the breakdown of the area of 1.0705, which will indicate the continuation of the growth of quotations to the area above the level of 1.0850.
Among the important news that may affect the euro against the dollar, it is worth highlighting, the Consumer Price Index, the publication of the Federal Economic Survey by regions “Beige Book”.
EUR/USD Forecast Euro Dollar on April 19, 2017 involves an attempt to fall to the area below the level of 1.0550 within the rebound from the downward trend line on the indicator of relative strength, the abolition of the decline option of the breakdown of the area 1.0705.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
