Currency pair EUR USD continues to move in the downward FX 1: 1 model. At the moment, we still expect to field test 1.07 attempted under the formation of models complete forex head and shoulders, from which we can expect the fall in quotations of the euro dollar.
EUR USD Euro Dollar Forecast on December 15, 2016
Cancellation option will yield EUR USD quotes above level 1.0850, which will indicate the breakdown of the upper limit of the downward channel. We continue to hold to sell the pair and are ready to build positions after the publication of FOMC decision on the discount rate. Among the important news from Europe tomorrow, December 15, 2016, which could have a strong impact on the euro, we should mention, index of business activity in Germany, and the composite PMI index, volume of long-term refinancing, the Consumer Price Index in the US Manufacturing Index Philadelphia Fed , The number of initial applications for unemployment benefits.
EUR USD Euro Dollar Forecast on December 15, 2016 involves an attempt to test dense region close to the level of 1.07, where is expected to reduce in the framework of the beginning of working out a reversal pattern Forex Head and Shoulders.