The currency pair Euro Dollar EUR/USD continues to move within expectations, and at the moment quotations are testing the area of the upper border of the rising channel. It is worth waiting for an attempt to rebound and drop the quotes of the euro dollar in the area below the level of 1.0820.
EUR/USD Forecast Forex Euro Dollar on April 27, 2017
In favor of the drop is the resistance area test on the relative strength indicator. Expect the acceleration of the fall in quotations EUR/USD stands with the breakdown of the upward trend line on the indicator of relative strength. The abolition of the variant of the fall of the euro against the US dollar will be a strong growth above the level of 1.0970.
Among the important news that can influence the euro against the dollar, it is worth highlighting, the publication of the ECB’s decision on the basic interest rate, ECB Press Conference, Changes in the volume of orders for long-term goods in the US, The number of initial applications for unemployment benefits.
EUR/USD Forecast Forex Euro Dollar on April 27, 2017 suggests a rebound from the upper bound of the upward channel to the area below the level of 1.0820, in favor of the fall, a breakdown of the support line on the relative strength indicator will perform.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
