The EUR/USD currency pair returned to the value of 1,12 in the anticipation of US Federal Reserve meeting. Based on the forecasts, it can be said that the market players don’t expect any changes in the regulator’s monetary policy. Central bank’s rhetoric statements along with their forecasts are in the spotlight now.
EUR/USD technical analysis and forecast on June 16
The Euro fell to a boundary of the ascending channel, the RSI indicator remains in the area of support, which limits the further strengthening of the dollar. Today, we can expect a high volatility; there are great chances that the EUR/USD “bulls” are going to bounce off of the channel’s border. Therefore, the 16th of June 2016 EUR/USD forecast foresees the growth higher the 1,13 level.
