Currency pair Euro to US Dollar EUR/USD continues to be traded within the framework of the bullish channel. It is worth the fall of quotes in the region below the level of 1.1160, where the pair can again continue to rise. In favor of the growth of the euro, the test of the support line on the indicator of relative strength will perform.
EUR/USD technical analysis & news on June 9, 2017
Cancellation of the growth option will fall fall and breakdown of the region 1.1140, indicating that the pair EUR/USD will continue to decline. With the breakdown of the local maximum region, it is expected to accelerate the growth of the pair.
Important news from Europe and America is not expected, so the pair will continue to move within the technical analysis of EUR/USD.
EUR/USD technical analysis & news on June 9, 2017 involves an attempt to fall into the lower border of the channel, where the rebound and the growth of the euro quotes are expected, the breakdown of the region will be 1.1140, which will indicate the completion of the growth and the continued decline in the pair’s quotations.
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