EUR/USD technical analysis and forecast on May 6

EURUSD prognoz2The dollar against yen and euro shows the growth in the FOREX trading Thursday on the back of positive economic statistics.

On Wednesday, the Institute for Supply Management (ISM) has published an index of business activity in the US service sector, which showed an increase to 55.7% in April which makes it the highest level since December 2015.

EUR/USD technical analysis and forecast on May 6

The European currency showed a reduction, as it was mentioned in the EUR / USD forecast for today. The RSI is approaching to the support that limits the dollar strengthening The EUR / USD forecast on May 6 considers a depreciation to 1.1350.

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