Currency pair EUR USD is trading at 1.0604. At the moment, the pair continues moving inside the descending channel and has the potential for a tight test the upper boundary of the channel and continue falling to a local minimum.
Technical analysis and forecast EUR/USD on January 9, 2017
An additional signal in favor of the euro quotations falling dollar reversal pattern forming stands head and shoulders on the indicator of relative strength. Cancellation option quotations falling EUR/USD will be the breakdown of the upper boundary of the channel and closing quotes above the level of 1.0690.
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