The currency pair Euro Dollar EUR/USD continues to decline and is currently tightly testing the support area near the level of 1.0640. It is worth waiting for an attempt of a minor correction and continuation of the fall of the euro dollar in the area below the level of 1.0560 within the completion of the development of the upward trend line on the indicator of relative strength.
EUR/USD Forecast Euro Dollar on April 7, 2017
In favor of the fall is a return to the broken trend line on the indicator of relative strength and rebound from the resistance area. The cancellation of the variant of falling of quotations of the euro dollar will be the breakdown of the upper border of the descending channel with the closing of quotations of the pair above the area of 1.07.
Among the important news that may affect the euro against the dollar, it is worth highlighting, the Eurogroup Meeting, the Unemployment Rate, and NON-FARM PAYROLLS, the decrease from 235K to 176K is expected, which could put pressure on the dollar.
EUR/USD Forecast Euro Dollar on April 7, 2017 suggests an attempt to continue reducing the pair to the area below the level of 1.0560 within the completion of the broken trend line on the indicator of relative strength, the cancellation of the decline option can be a strong growth and breakdown of the area 1.07, which will indicate the continuation Correction for a pair.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
