Dollar shows a growth comparing to euro and yen which is caused by the statements of US Federal Reserve representatives on terms of the key rate raising.
The head of the Federal Reserve Bank of Atlanta Dennis Lockhart stated that the US Federal Reserve will continue to raise rates in 2016.
EUR/USD technical analysis and forecast on May 5
The EUR / USD currency pair showed an increase above the upper boundary of the ascending channel, but failed to keep the position. The RSI on the four-hour chart shows the expected decline from the resistance level, in future expect a further test of the support line, which leads to a further euro decline. Forecast for EUR / USD on May 5, 2016 considers the movement to 1.1400.
