Currency pair EUR USD continues to move through the formation of topping FX model’s head and shoulders, to complete the model, you need to see growth in the euro quotes dollar to above the level of 1.0740 – 1.0770, from where you can again try to sell and expect continuation of falling for the purpose of below 1.05.
Forex EUR USD Euro Dollar Forecast on February 9, 2017
Cancellation option will be the pattern forming region breakdown of local maximum, if the quotation of the euro the dollar from current levels go down, we should also expect a tight test of 1.05 area.
We continue to hold a deal to sell, but at the time of completion of the formation of the right shoulder model, willing to try new sales.
Among the important news in Forex, which may have an impact on the euro dollar is to provide, number of initial applications for unemployment benefits, as well as the number of repeated applications for unemployment benefits.
Forex EUR USD Euro Dollar Forecast on February 9, 2017 suggests an attempt to rebound and the growth of quotations of the dollar in the euro area close to the level of 1.0740, where once again we can expect an attempt to turn the euro dollar quotations in the area below the 1.05 level.
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