Currency pair EUR USD continues to develop fall. Currently, the relative strength indicator values again tested downward trend line indicates that the potential drop since the current levels. We continue to keep selling the dollar and the euro is trying to increase the volume of short positions on the pair with a close stop. The purpose of the fall is entering the region at a level below 1.0850.
EUR USD Euro Dollar exchange rate forecast October 28, 2016
Cancellation option will be a strong growth of quotations EUR USD above the 1.0970 level, which points to a continuation of the rising correction above 1.1050 levels.
EUR USD Euro Dollar exchange rate forecast October 28, 2016 suggests an attempt to fall in the rebound from the resistance of the descending line of the display relative strength with the potential to reduce to below 1.0850 areas.
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