The US dollar continued its raise against the euro. Ultra-soft monetary policy of the ECB contributes to the bank lending growth, but this factor does not have the expected positive impact on the consumer price index, however, as the increase of energy costs.
EUR/USD technical analysis and forecast on May 20
The EUR / USD currency pair showed a decline as it was projected. The RSI indicator is in the support are which signalizes of growing to the area of 1.1250, but the main purpose of the euro / dollar remains near the lower boundary of the ascending channel (level 1.1150). Thus, the EUR / USD forecast on May 20, 2016 considers the weak growth of the euro, but the downward momentum will still present.
