The currency pair EUR/USD Euro to US Dollar continues to trade near the support area. At the moment, there is the potential for a rapid breakdown of this area and the continuation of the decline to the level of 1.0750. In favor of the fall is the formation of the head and shoulders reversal pattern on the relative strength indicator, as well as the rebound from the downward resistance line to the RSI.
Forex Forecast EUR/USD (Euro/Dollar) on May 15, 2017
Canceling the variant of the euro’s fall, the dollar will be a breakdown of the area 1.09, which indicates that the growth will continue to the level of 1.0950, where again we should expect an attempt to fall the pair. Expect to accelerate the decline is the breakdown of the neck line on the indicator of relative strength.
Among the important news from America and the US, which can affect the euro against the dollar, it is worth highlighting the production index Empire Manufacturing.
Forex Forecast EUR/USD (Euro/Dollar) on May 15, 2017 involves an attempt to fall the breakdown of the support area and continue the decline with the first goal near the level of 1.0750, the breakdown will be the breakdown of the area 1.09, which will indicate continued growth in the area above the level of 1.0950.
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