Currency pair EUR USD continues to trade within the downward trend with a potential target of the fall below 1.0650. At the moment, the pair quotes are trying to develop an upward correction. However, in the near future will be held again test the descending trend line on the indicator of relative strength that will point to a continuation of the fall. If the trend line is broken, we should expect continued growth in the region above the 1.10 level within the framework of the completion of upward correction for the pair.
EUR USD Forecast Forex Euro Dollar on October 27, 2016
We continue to hold the sale and are ready to increase the volume of short positions on the development of a fall.
EUR USD Forecast Forex Euro Dollar on October 27, 2016 suggests an attempt to fall due to the downward trend line test on the indicator of relative strength with the immediate goal of reducing the level 1.0840.
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