The currency pair Euro to US Dollar EUR/USD continues to be traded near the upper garnish of the rising channel. The potential for rebounding and falling of quotations is preserved in the area below the level 1.1070. In favor of the decline is the formation of a reversal pattern “The Failure Swing” on the indicator of relative strength index (RSI).
EUR/USD forecast Euro Dollar on May 22, 2017
Expect the acceleration of falling quotations of the Euro to US Dollar EUR/USD pair stands with the breakdown of the support area 1.1070. The cancellation of the fall will be a breakdown of the level of the upper border of the channel, which may indicate an acceleration in the growth of EUR/USD.
Important news from Europe and America is not expected, so the pair Euro to US Dollar will continue to move within the technical analysis EUR/USD.
EUR/USD forecast Euro Dollar on May 22, 2017 suggests an attempt to fall into the area below the level of 1.1070, with a breakdown which is expected to accelerate the fall of the pair in the area below 1.10, the cancellation will be a breakdown of the upper border of the channel, in this case the target of growth may be area 1.14.
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