Currency pair EUR USD continues to trade within the descending pattern Wolfe waves in order to develop below the level of 1.10. At the moment, there is the potential to complete the forex head and shoulders pattern, which also points to a continuation of the fall, however, try new selling the euro against the dollar only after the breakdown of the neckline.
Cancellation option fall of quotations EUR USD mill strong growth of quotations and the breakdown of 1.1260 areas, which point to the abolition of the forex head and shoulders patterns, and continued growth in the euro against the US dollar.
EUR USD Euro Dollar Forecast for tomorrow on September 6, 2016 suggests an attempt to continue falling in the framework of completion of work on the forex head and shoulders pattern with a view to a potential decline in the euro area at levels below 1.10.
