The European currency is still traded near in the area of local maximums to the US dollar.
Currency pair EUR / USD is consolidated below the upper boundary of the ascending channel in the range 1.1325 – 1.1435. On the daily chart of EUR / USD The Relative Strength Index shows the rebound from the resistance level, which signals the correction in favor of the euro’s decline. Forecast EUR / USD for the week 11 Apr 2016 – 15 Apr 2016 considers the beginning of reduction of quotations to the lower border of the trading channel. Breaking the lower boundary of the consolidation at 1.1325 will be a signal to the subsequent decrease of the pair.
EUR/USD technical analysis and forecast for 04/11/2016 – 04/14/2016 week
