Currency pair EUR USD continues to trade s downtrend. Currently quotes tight upper bound test downstream channel, which indicates the continued decline to below the level of 1.0950. An additional signal in favor of the falling euro, the dollar stands the test downward trend line an indicator of relative strength. Once again, we are trying to sell EUR/USD with a close stop above 1.1030 level, a break of which will send a signal to the continued growth of quotations.
EUR USD Forecast FOREX Euro Dollar on October 19, 2016
In case of cancellation of this signal is the potential for the continuation of upward correction for the pair.
EUR USD Forecast FOREX Euro Dollar on October 19, 2016 suggests an attempt to continue falling in the framework of the descending forex model 1:1 with a view to a potential drop below 1.0950.
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