Currency pair EUR USD closed the week near the 1.0590 level. At the moment, the euro dollar tight testing the lower boundary of the area forex model Triangle, this area will trigger the breakdown of the continuation of decrease in pair EUR USD to below 0.92.
EUR USD Euro Dollar Forecast on November 28 — December 2, 2016
At the beginning of the next trading week is expected to attempt the development of upward correction to 1.0650, from where we can expect an attempt to continue falling, but do not rule out an earlier decline in the near future. In the case of the continued growth of quotations of the euro dollar above the level of 1.07, we can expect a tight test of resistance at 1.0850. Among the important news that could have an impact on the euro exchange rate at the next trading week is to provide, ECB President November 28, 2016, as well as performance on Wednesday 30 November, which could have a significant impact on the Forex market. Also do not forget about the publication of important data from the US Employment Change outside the agricultural sector NON-FARM PAYROLLS Friday December 2, 2016, ISM manufacturing index, which will be published Dec. 1, 2016, change in the number of employees from the ADP, on 30 November.
EUR USD Euro Dollar Forecast on November 28 — December 2, 2016 suggests an attempt to minor correction and the breakdown of the lower limit of the model triangle with a continuation of the downward trend for the pair, the cancellation option can sample thief 1.0750 area, however, such a scenario is just a point to deep correction in the euro dollar.