The currency pair Euro Dollar EUR/USD continues to be traded near the area of 1.0659. Quotations could not develop an upward correction on the pair and at the moment there is a potential for continuing the decline in the area below the level of 1.0590. In favor of the drop is a rebound from the descending line of the trend on the indicator of relative strength.
EUR/USD Forecast Euro Dollar on April 6, 2017
Expect to accelerate the fall in quotes EUR/USD stands with the breakdown of the upward trend line on the indicator of relative strength, which indicates the breakdown of the local minimum area. In the case of continued growth of the pair with the breakdown of the area of 1.07, we should expect a tight test of the level of 1.0760 within the limits of the formation of the downward model 5-0.
Among the important news that can influence the euro against the dollar, it is worth highlighting, ECB President Mario Draghi’s speech, The number of initial applications for unemployment benefits in the US, The change in the volume of orders in industry in Germany.
EUR/USD Forecast Euro Dollar on April 6, 2017 involves an attempt to fall into the area below the level of 1.0590 within the rebound from the descending line of resistance on the indicator of relative strength.
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