The currency pair Euro Dollar EUR/USD has completed the current trading month at the level of 1.0653. At the moment, the potential for continuing the fall of quotations of the euro dollar in the region of the local minimum near the level of 1.0350 remains, with a probable breakdown of this region. In favor of the fall is the test of the downward trend line on the indicator of relative strength.
EUR/USD Forecast Euro Dollar on April 2017
The cancellation of the variant of the EUR/USD pair falling may be the strong growth and breakdown of the area 1.0970, which will indicate the continued growth of the euro-dollar pair in the region above the level of 1.11. With the breakdown of the same level of 1.0350, we should expect an acceleration of the pair’s quotes fall into the area below the level of 0.92 as part of the development of the large Forex Triangle model.
Among the important news that could affect the euro exchange rate in April 2017, it is worth noting, Publication of the FRS protocol on April 5, 2017, NON-FARM PAYROLLS on April 7, 2017, Publication of the ECB’s decision on the basic interest rate and ECB Press Conference on April 27, 2017.
EUR/USD Forecast Euro Dollar on April 2017 assumes an attempt to continue the pair’s decline to the area of 1.0350 as part of continuing the development of the Forex Triangle model, the breakdown of the area 1.0970 will become a major event in April 2017, the ECB decision on the rate.
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