The currency pair Euro to US Dollar EUR/USD continues to trade near the local maximum area. At the moment, there is a potential for the fall and breakdown of the area 1.0850 as part of the development of the reversal Forex model of the failed swing on the indicator of relative strength.
EUR/USD Forecast Euro to US Dollar on May 3, 2017
The cancellation of the variant of the fall of the euro dollar bucks will result in a strong growth and breakdown of the region 1.0970, which will indicate the continued growth of the pair. In favor of the fall of the pair is also the breakdown of the upward trend line on the RSI indicator.
Among the important news that may affect the euro against the dollar, it is worth highlighting, the change in the number of employees from ADP, the composite ISM index for the non-manufacturing sphere, the FOMC decision on the basic interest rate, the FOMC Accompanying Statement.
EUR/USD Forecast Euro to US Dollar on May 3, 2017 involves an attempt to fall to the area below the level of 1.0850 as part of the development of the reversal Forex model, cancel the strong growth and breakdown of the area 1.0970, in which case we should expect the euro to continue growing.
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