EUR USD Forecast Euro Dollar on October 14, 2016


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Currency pair EUR USD continues to decline within the mining triangle forex pattern. At the moment, there is the potential to continue fall to below 1.0950. But do not rule out an attempt to correct the breached border of the descending channel, where you can again try to sell the Euro Dollar pair with the tight stop above 1.1050 levels.

EUR USD Forecast Euro Dollar on October 14, 2016

EUR USD Forecast Euro Dollar on October 14, 2016

In favor of correction and testing the support line on the indicator of relative strength, indicating a desire to leave the indicator values oversold before continuing decrease in the EUR/USD Forex.

EUR USD Forecast Euro Dollar on October 14, 2016 requires tight test the breached border of the channel and the continued decline in the area below the level of 1.0950.


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