Currency pair EUR USD prior to publication NON-FARM PAYROLLS left to correct and at the moment has the potential to test the upper boundary of the descending channel and continue falling of quotations EUR USD within the framework of the descending pattern of 1:1 in order to fall to below the area of 1.11.
EUR USD Forecast Euro dollar exchange rate on September 5, 2016
Cancellation option will be a strong rise in the euro against the US dollar and the breakdown of the level 1.1260, which will indicate the likely rise further up to 1.13. An additional signal for the continuation of the fall is the test of the descending trend line on the indicator of relative strength.
EUR USD Forecast Euro dollar exchange rate on September 5, 2016 suggests the test the upper boundary of the descending channel and start falling within the mining bearish pattern 1:1, the cancellation option will break-down of the channel, it is also important to understand that the publication of data on the NON-FARM PAYROLLS can provoke serious movements in the market and to cancel all the proposed options.
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