Currency pair EUR USD EUR USD continues to trade within the model triangle and at the moment there is a high probability to see the test the lower boundary of the model in November 2016 for the euro. Cancellation option can become a strong growth of quotations and sample area 1.14 closing prices, which will indicate the quotations output up beyond forex triangle patterns. An additional benefit of the main signal and test the lower boundary of its breakdown acts breaking through the trend line on the indicator of relative strength, which indicates the closing price on the chart below of the euro, the dollar trend line.
EUR USD Forecast euro against the dollar on November 2016
We continue to hold to sell the pair EUR USD and expect to see 1.06 level test in November 2016 with the potential continuation of the downward trend for the pair.
EUR USD Forecast euro against the dollar on November 2016 suggests test model forex triangle at the lower boundary of 1.06 with the probability of breakdown it down and depreciation of the euro to 1.02.
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