Currency pair EUR USD continues to move within the downtrend. At the moment, preserved potential for falling euro quotations against the dollar, as we see, the pair tested the lower boundary of the channel punched and pushed. This rebound signals in favor of a strong fall in the EUR USD quotes 1.0950 areas below the potential continuation of the fall.
EUR USD Forecast Euro Dollar on October 17, 2016
Cancellation option will be the pair of reducing the strong growth and return inside the channel quotes that point to continued growth. An additional signal in favor of the fall is the test of the descending trend line on the indicator of relative strength, it also points to the continuation of the Euro fall to below 1.0950.
EUR USD Forecast Euro Dollar on October 17, 2016 suggests an attempt to continue the reduction under the mining triangle forex pattern.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link