A new wave of fear for the fate of the world economy has been supporting the European currency, but the “bulls” on the dollar continues a slow decline in the pair EUR / USD.
Market players expect the publication of the protocol of the last FOMC meeting. It should be kept in mind that the volatility of the EUR / USD will rise from now.
EUR/USD technical analysis and forecast on April 7
The euro rate continues reduction after the upper boundary of the rising channel test. The RSI on the four-hour chart is pointing down, showing a further downward movement. As part of the EUR / USD forecast for 07 April 2016 the quotations is going to decrease to 1.1300 point, a break of which would open the way to the support at 1.1150.
