EUR USD forecast Euro Dollar on September 13, 2016


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Currency pair EUR USD continues to trade within the framework of the completion of the formation of topping model Forex Head and Shoulders. At the moment, preserved potential for a fall of quotations in the area below the 1.1150 level, the additional signal in favor of the fall is the rapid breakdown of the rising trend line on the indicator of relative strength, which points to an early breakdown of the neckline.

EUR USD forecast Euro Dollar on September 13, 2016

EUR USD forecast Euro Dollar on September 13, 2016

Cancellation option will increase in quotes pair EUR USD above the 1.1330 level, which will point to the abolition of the forex model and the continued growth of the euro against the US dollar. Also, an additional signal will be output quotes the rising channel.

EUR USD forecast Euro Dollar on September 13, 2016 assumes a continuation of the fall of the euro in the framework of working out a reversal pattern Forex Head and Shoulders.

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