Currency pair EUR USD continues to trade on the FOREX in line with expectations and the time of publication of yesterday’s forecast of the euro dollar, significant changes in the market did not happen and now we expect continuation of falling EUR/USD quotes to the nearest support at 1.1220.
EUR USD Forecast FOREX – May 18, 2016
From the beginning we can expect upward correction in an area above the level of 1.1440. Cancellation option will break through the correction level of 1.12, which will lead to the cancellation of the formation of topping models forex head and shoulders. Thus, EUR USD Forecast FOREX – May 18, 2016 suggests an attempt to fall in the region at the level of 1.1220, where we can expect an upward correction in the euro.