Currency pair EUR USD managed to show strong growth and has tested the area at the level of 1.1250. At the moment, preserved potential to continue fall within the completion of work on Forex Wolfe Wave patterns with a view to falling below the 1.1130 area.
Analysis and forecast Euro Dollar EUR USD on September 8, 2016
Cancellation of the fall of quotations options EUR USD will break-down area above the level of 1.1280, which indicates an increase of the euro continued to a local maximum. An additional signal in favor of the continuation of falling EUR USD will test the resistance of the downlink on the indicator of relative strength. Also it is necessary to evaluate this structure on a four-hour chart reversal pattern Forex Head and Shoulders on continuation of falling. We try aggressive sales EUR USD with a tight stop, as of the fall ready to increase the volume of sales of euro against the US dollar.
Analysis and forecast Euro Dollar EUR USD on September 8, 2016 suggests an attempt to slight growth in the framework of the completion of the formation of reversal pattern and start falling quotations EUR USD with a view to below 1.1120.
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