The currency pair Euro to US Dollar EUR/USD continues to move within the expectations and at the moment there is a potential for continuing falling of quotations in the area below the level of 1.0780. In favor of the fall of the euro-dollar pair is the formation of the reversal Forex Model Head and shoulders.
EUR/USD Forecast Euro Dollar on April 28, 2017
Expect to accelerate the fall in quotations EUR/USD is worth with a breakdown of the neck line of the reversal pattern. In favor of continuing the decline will breakdown the upward trend line on the indicator of relative strength. The cancellation of the variant of falling quotations of the pair will result in a strong growth and breakdown of the local maximum area.
Among the important news that may affect the euro against the dollar, it is worth highlighting, the change in the volume of retail trade in Germany, the consumer price index in the EU, the change in GDP per quarter in the US, is expected to decline from 2.1% to 1.3% Which can put pressure on the US dollar.
EUR/USD Forecast Euro Dollar on April 28, 2017 involves an attempt to fall into the area below the level of 1.0780 as part of the development of the reversal Forex Model Head and shoulders, the cancellation will be the breakdown of the local maximum area.
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