Euro / dollar has grown since the previous minimum in the region of 1.4625 to 1.4760 during the European session. As the currency analysts Commerzbank, the euro / dollar fell to 55-day moving average, however, could not the first attempt to overcome this area. The bank believes that rolling back the euro / dollar will continue up to 1.4845/60, but to overcome this area is unlikely, since the downward pressure in the pair increases. As part of the bearish forecast, analysts distinguish the level of 1.4595, where the uptrend line – in the case of a breakthrough at this level for euro / dollar may fall to the 1.4448/33 area (in June and a maximum rate of correction of Fibonacci) and, possibly, to a mark 1.4069 (38.2% correction growth from March-months). Currently, the euro / dollar traded at 1.4766.
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