Currency pair EUR USD EUR USD continues to develop a downward trend in line with expectations and our forecast of the euro the dollar tomorrow. At the moment, there is the potential for the development of a rising euro correction in the area above the level of 1.0840 in the framework of the completion of the formation of the descending pattern forex, 5-0.
EUR USD Forecast Euro Dollar on November 15, 2016
In favor of this option stands the test rising support line on the indicator of relative strength, and then we can expect continuation of falling of euro dollar quotes. But also do not exclude the formation of the bull wave Wolf that could trigger an upward movement in the area above the level of 1.11. Cancellation option price growth will drop the euro, the dollar and the sample area 1.07 closing prices, in this case, is expected to release a pair of models beyond the Triangle with the test area 1.02.
EUR USD Forecast Euro Dollar on November 15, 2016 suggests an attempt of upward correction to 1.0840 in the framework of the formation of the descending pattern 5-0.