Currency pair EUR USD continues to trade within the triangle model that characterizes the uncertainty in the pair. At the beginning of September 2016, we expect an attempt to increase the euro area in the upper limit, but the penetration and exit EUR USD quotes outside the Triangle.
EUR USD Forecast euro against the dollar on September 2016
With a high probability of the euro against the dollar quotes show again drop from the level of 1.1450 with a potential breaks the level of 1.05. Therefore, in the end of August we can expect a tight test of 1.14 area, where you will try to sell the euro against the dollar. Cancellation option of falling quotations EUR USD in September 2016 will break up the triangle model, but in this version, we do not expect significant growth, as the value of the relative strength indicator will be met resistance in the form of a downward trend line that points to a continuation of the fall.
EUR USD Forecast euro against the dollar on September 2016 requires the growth of quotations of the euro to 1.1450, from where we can expect the fall with a potential target at the level of 1.05, followed by break of the lower limit, the cancellation will be strong growth in the euro above the level of 1.16.
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