Currency pair EUR USD continues to move in the upward correction, the pair quotes tight test support area and at the moment we are still expected to complete the growth of quotations EUR/USD and the beginning of fall with a potential target at levels below 1.0450 areas. In favor of a fall also advocates a breakdown of the trend line on the indicator of relative strength, which points to a similar line on the test chart.
Forex Forecast EUR USD on January 27, 2017
Is expected to accelerate the fall of the euro dollar pair of quotes is a breakdown of the support level and a close below 1.07 areas. In the case of breakdown of a local maximum region is expected to attempt to continue growing in the area above the level of 1.0850.
Among the important news that could have an impact on the euro dollar is to provide a change in the volume of GDP for the quarter in the United States, as well as changes in orders for durable goods.
Forex Forecast EUR USD on January 27, 2017 suggests an attempt to decrease within the breakdown of the uptrend line on the indicator of relative strength with the potential to reduce the level below the area of 1.0450; the cancellation option will break-down of the maximum field those points to a continuation of growth to 1.0850.
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