The currency pair Euro Dollar EUR/USD continues to move within the framework of growth development and at the moment quotations are testing the area 1.0965. It is worth waiting for an attempt to test the broken border of the Forex model of the Triangle and continue the growth of the pair. Cancellation of the growth option will be a fall and breakdown of the area 1.0910, which will indicate a potential test level of 1.0850. Expect to accelerate the growth of the euro-dollar pair with stands with the breakdown of the local maximum area.
EUR/USD Forecast Euro Dollar on May 8, 2017
Among the important news that could affect the euro against the dollar, it is worth highlighting, the presidential election in France on May 7, 2017, it is worth taking into account these risks and, possibly, do not leave open positions until Monday, as well as the change in the volume of orders in industry on May 8 2017.
EUR/USD Forecast Euro Dollar on May 8, 2017 suggests an attempt to drop the fall to the area of 1.0930, from which it is worth shouting the rebound and continuing the pair’s growth to the area above the level of 1.10, cancel the fall and breakdown of the area 1.0850, in this case, Growth of the euro-dollar pair and the continuation of a downward trend.
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