Currency pair EUR/USD traded in a narrow range at the level of 1.1400. Euro “bulls” are trying to send quotes to the growth on the background of the weakness of the British statistics and the growth rate of cross – pair EUR/GBP.
EUR/USD technical analysis and forecast on May 12
The European currency has slowed decline, relative strength indicator showed a rebound from the support level. As part of the forecast EUR/USD on May 12, 2016 is expected to rise to the level of quotes 1.1450 where the “bears” may resume selling euros.
