Currency pair EUR USD continues to move in line with expectations and is currently retained potential for rebound quotations pair to level 1.0740 – 1.0770, which is expected to attempt to complete the formation of the right shoulder and continuing fall of the euro dollar to below 1.05.
EUR/USD Forecast (euro/dollar) on February 10, 2017
In favor of the fall of the push test downward trend line on the indicator of relative strength. In the case of the breakdown region 1.0620 closing prices should be expected acceleration of the fall of quotations without the development of upward correction to 1.0740 – 1.0770. We continue to hold the sale of the euro and the dollar are willing to try new deal in favor of the sales to the extent the development of one of the scenarios.
Among the important news in Forex, which may have an impact on the euro dollar exchange rate, it stands out, the performance of the ECB board member Jens Weidmann, as well as consumer sentiment index from the University of Michigan.
EUR/USD Forecast (euro/dollar) on February 10, 2017 involves correction of quotations attempt dollar to 1.0740 – 1.0770 where we should expect assurances formation of the right shoulder reversal pattern Forex Head and Shoulders.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
