Currency pair EUR USD is trading within a downtrend. At the moment, there is the potential to see the growth of quotations in the area above the level of 1.0930, where the test the upper boundary of the descending channel will take that point to a continuation of the fall of the Euro against the US Dollar.
EUR USD Forecast Euro Dollar Forex October 25, 2016
In favor of the fall also serves quick test of the descending trend line on the indicator of relative strength. We continue to hold the sale of EUR/USD quotes for the purpose of falling below 1.06.
EUR USD Forecast Euro Dollar Forex October 25, 2016 suggests the test area 1.0930 attempts within the end of correction and the continuation of the fall to below 1.0750.
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