Currency pair EUR USD continues to trade within the downward trend and currently values the relative strength indicator again test the downward trend line, indicating a potential rebound and drop development. We continue to hold to sell the pair EUR USD with a close stop. Cancellation option will be a strong growth of the euro and the dollar breakout area above the local maximum level 1.1040, which will point to the potential development of the upward correction to 1.1125.
EUR USD Forecast Euro Dollar on October 20, 2016
The purpose of the fall in this case, the area below the level of 1.0850 with a potential reduction in the area below the level of 1.06.
EUR USD Forecast Euro Dollar on October 20, 2016 suggests an attempt to continue falling in the framework of the descending pattern 1:1 with the immediate goal of the fall below 1.0950.
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