By the end of the week the EUR / USD decline stopped. ECB Vice President Vitor Constancio believes that negative interest rates allow you to boost the economy of the Eurozone, and the soft policy creates additional demand due to external lending conditions and nominal spending stimulation. Euro is still more attractive than the dollar for investors because the ECB policy is more clearly represented and more clear to market participants.
EUR/USD technical analysis and forecast for 04/18/2016 – 04/22/2016 week
The EUR / USD is traded within the last week forecast for the euro / dollar. On the daily chart the RSI has not reached the support level, which means further reduction of the euro. The forecast EUR / USD for the week 18/04/2016 – 04/22/2016 considers a decrease of pair with the first point of 1.1150. The main goal for the “bears” on the euro is at the level of the ascending channel’s lower border.
