Forex technical analyst EUR / USD 17.04.2017
Quotes of the euro dollar pair in the foreign exchange market on Friday conducted a trade in a narrow range of 1.0600-10 - 1.0630. Bears were unable to break through 1.0600-10 support in Asian trade. And with the opening of trading in Europe, the euro buyers tried to take the lead, but the Bulls stopped the resistance 1.0630, which the pair fell back to the level of 1.0610, where he completed a week-long trade.
EUR / USD forecast recommendation on 4/17/2017
Intraday EUR USD (EUR / USD) closed trading last week at 1.0610 support area, often on Monday the main pair is trading against Friday. Forex players worth considering a retreat from the support level of 1.0600-10 and correctional growth of quotations of European currency to the 1.0630-40 resistance, due to the fact that the downward trend in force is quite likely retreat from the level and return to the 1.0600-10 support and below. In the breakdown of 1.0600-10 level at the opening of trading EUR / USD may continue to decline from current levels.
An alternative for forex traders on the euro, will breakdown and fixing prices above 1.0630, in this case, the pair will continue to rise to the level of 1.0670
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