Currency pair EUR USD continues to move in the fall by entering quotations beyond the lower boundary of the triangle model. At the moment, we continue to aggressively increase sales eurusd with the potential to reduce to below 1.0950 area. But do not forget that, as part of our euro forecast for the current week the dollar has the potential to see a test of the lower boundary of the lateral range at a level below 1.05 area.
EUR USD Forecast Euro Dollar October 13, 2016
At the moment is to keep selling EUR USD and expect continuation of decrease. Cancellation option can become a strong growth in the publication of the Fed meeting minutes above the level of 1.1150, but this option we consider unlikely.
EUR USD Forecast Euro Dollar October 13, 2016 suggests an attempt to continue to fall below the level of 1.0950 within the mining triangle forex pattern.
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