Currency pair EUR USD EUR USD went into the development of the upward correction in the Euro dollar forecast for the current trading week on 05.12.2016 – 09.12.2016. At the moment, there are risks to see the test the upper boundary of the descending channel and start falling within the descending pattern of 1: 1 in order to fall below the level of 1.0320.
Forex forecast Euro Dollar EUR USD on December 7, 2016
Cancellation option downs ceases strong growth of quotations EUR USD above the 1.0860 level, which indicates the continuation of growth. Also, do not exclude the option is already falling from the current levels in the framework of start mining broadening formation. An additional signal to drop the push test downward trend line on the indicator of relative strength. Among the important events that may have an impact on the euro dollar tomorrow, December 7, 2016 stands out, level of vacancies and labor turnover from the Bureau of Labor statistics in the US, it is expected the growth rate to the level of 5530K, which could support the US dollar.
Forex forecast Euro Dollar EUR USD on December 7, 2016 suggests an attempt to test the upper boundary of the descending pattern is 1: 1 and the beginning of fall with the potential to reduce the level of 1.0320.
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