EUR USD Forecast Euro Dollar on November 4, 2016


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Currency pair EUR USD continues to attempt development of correction, however, the pair quotes have not been able to break through resistance area and now have every chance to see the fall of the euro dollar quotations in the area below the level of 1.10 in the rebound from the resistance level and the beginning of the descending pattern 5-0 . But do not rule out an attempt to test the upper boundary of the channel. An additional signal in favor of the fall is the test indicator of the relative strength of the critical region, it also points to the potential drop since the current levels.

EUR USD Forecast Euro Dollar on November 4, 2016

EUR USD Forecast Euro Dollar on November 4, 2016

Cancellation option euro quotations falling dollar will be strong growth above the level of 1.1150, which points to continued growth in the region of a local maximum.

EUR USD Forecast Euro Dollar on November 4, 2016 suggests an attempt to fall in the rebound from the resistance area in order to reduce to below 1.10, the cancellation will be strong growth, and output the euro dollar pair of quotes for the descending channel.

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