Currency pair Euro to US Dollar EUR/USD continues to trade near the upper border of the rising channel. It is worth waiting for an attempt to fall into the area below the level of 1.1165. In favor of the fall of the Euro to US Dollar is a downward resistance test on the indicator of relative strength index (RSI).
EUR/USD forecast Euro Dollar on May 26, 2017
With the breakdown of the area of 1.1165, we should expect an acceleration of the EUR/USD price fall with the target close to area 1.10. Canceling the fall of the pair will break through the local maximum area, indicating that the pair continues to grow.
Among the important news that can affect the euro against the dollar, it is worth highlighting: GDP change for the quarter, Change in the volume of orders for long-term goods, Consumer sentiment index from the University of Michigan.
EUR/USD forecast Euro Dollar on May 26, 2017 involves an attempt to fall the pair into the region at 1.1165, an additional signal is the bearish trend line test on the indicator of relative strength index (RSI), the cancellation will be the breakdown of the area 1.1280.
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