The EUR/USD activity has been depreciated due to the US Federal Reserve lack of promises. And this is about to raise the key interest rate. Still, there is no new information from the ECB, and that is not conducive to any volatility trading growth. The FOMC members are going to speak today, so maybe this could add some dynamics to the current EUR/USD rates.
EUR/USD technical analysis and forecast on May 13
The EUR/USD rate is trading in the adjustment frameworks after the rebound of the ascending channel’s upper bound. In the four-hour chart, RSI resumed its fall, which could indicate to a further EUR depreciation. On 12.05.2016, the FOREX forecast for the EUR/USD rates expects the drop in the following rates to the area of 1.1350.
