The currency pair Euro to Dollar EUR/USD continues to trade near the local maximum area and at the moment there is a potential for growth above the level of 1.0920, where it is expected to start falling quotations of the pair in the area below the level of 1.0780.
EUR/USD Forecast Euro to Dollar on April 26, 2017
In favor of the fall, the formation of the downward forex model of Wolfe waves on the indicator of relative strength will act. Expect to accelerate the fall of quotations euro the dollar stands with the breakdown of the strands of the border of the rising channel. The cancellation of the option will be a strong increase in the breakdown of the area 1.0970, which will indicate the continued growth of quotations.
Important news from Europe and America, which may have an impact on the euro exchange rate, is not expected, so the pair will continue to move within the technical analysis of EUR/USD.
EUR/USD Forecast Euro to Dollar on April 26, 2017 suggests an attempt to increase to the area above the level of 1.0920, where it is expected to start falling quotes of the pair within the beginning of the working off of the bearish model of the Wolf wave on the indicator of relative strength.
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