The currency pair Euro Dollar EUR/USD was able to show a correction and is currently testing the area of the upper boundary of the downlink at the level of 1.0665. The pair continues to move within the downward trend and the potential remains for the euro to continue falling below the local minimum level.
Technical analysis and EUR/USD forecast on April 14, 2017
In favor of the fall is the test of the downward resistance line on the indicator of relative strength, as well as the torso of the broken trend line. The cancellation of the variant of EUR/USD quotes drop will be the breakdown of the area 1.07, which will indicate the continued growth in the area above the level of 1.0850.
Among the important news that may affect the euro against the dollar, it is worth highlighting, the Consumer Price Index, the Consumer Price Index without taking into account food and energy prices, and the change in the volume of retail trade.
Technical analysis and EUR/USD forecast on April 14, 2017 suggests an attempt to fall within the framework of the beginning of working downward model 5-0 with the potential purpose of falling below the level of 1.0560, the cancellation will be a breakdown of the upper boundary of the descending channel.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
