Quotes of the euro dollar pair continues to test the area below the 1.1220 level. We expect growth in an attempt to EUR USD quotes in the area above the 1.1350 level, in the framework of completion of work on a reversal pattern on the display relative strength.
EUR USD Forecast FOREX — May 24, 2016
Cancellation option of upward correction will drop the euro dollar quotations below 1.1150. We continue to hold the sale, however, stop at the transaction moved close to the current price in the event of correction to withdraw from the market at a profit. In case of continuation of the fall is expected to rebound from the level 1.1060.
EUR USD Forecast FOREX — May 24, 2016 suggests an attempt to 5.24.2016 upward correction within the mining bullish head and shoulders pattern on the indicator of relative strength.
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