The currency pair EUR/USD Euro to US Dollar continues to test the area of the upper border of the rising channel and at the moment there is a potential for falling as part of the development of the reversal Forex Head and shoulders models on the price chart. In the case of continued growth of quotations of the euro, a similar model will be formed on the indicator of relative strength, which will also point to the fall of the euro against the dollar.
Forex Forecast EUR/USD Euro Dollar on May 1, 2017
The cancellation of the EUR/USD decline option will be followed by the breakdown of area 1.10, which indicates that the pair will continue to grow above 1.14. Expect to accelerate the decline in quotes is the breakdown of the bottom of the uplink.
Among the important news from Europe and America that can influence the euro against the US dollar, it is worth highlighting, the forecast for the economy from the European Commission, the main index of spending on personal consumption in the US, the change in the level of spending in the US, the important news is the publication of the indicator Production ISM index.
Forex Forecast EUR/USD Euro Dollar on May 1, 2017 involves an attempt to complete the formation of the reversal Forex model Head and shoulders and falling quotations in the area below the level of 1.0780 cancellation will be the breakdown of the area 1.10.
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