Currency pair Euro to US Dollar EUR/USD continues to trade within the framework of a strong bullish impulse, however, for purchases of the EUR/USD should wait for a correction. At the moment, there is a potential for a fall in the pair’s quotations to the region of the broken border of the rising channel, where again we should expect a rebound and the continued growth of the EUR/USD pair.
EUR/USD Forecast Euro Dollar on May 19, 2017
In favor of the decrease, the values of the relative strength index (RSI) indicator from the resistance line also rebound. The cancellation of the fall option will be a breakdown of the upper border of the channel, which will indicate the acceleration of the growth of the pair Euro to US Dollar EUR/USD.
Important news from America and Europe is not expected, so the pair will continue to move within the technical analysis EUR/USD.
EUR/USD Forecast Euro Dollar on May 19, 2017 involves an attempt to fall into the region of the broken border of the rising channel at the level of 1.1040, where again we should expect a rebound and continue the pair’s growth, the cancellation of the correction for the Euro to US Dollar will be the breakdown of the region 1.1160, which will indicate to accelerate the growth of the pair.
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