Currency pair EUR USD showed strong growth in the current trading week, and we were able to earn good money on this. At the moment, the euro dollar quotes closer to the upper boundary of the descending pattern 5-0.
EUR USD Forecast June 13, 2016 — June 17, 2016
However, we can see the growth of a little higher in the region of 1.1450, but we cannot exclude the beginning of the fall already from current levels. An additional signal in favor of the falling resistance area will test the relative strength indicator, which also indicates an already falling from the current levels. The cancellation option fall of the euro against the US dollar on the next trading week will be a strong growth of quotations EUR USD above the 1.1550 level that cancels the option of descending pattern 5-0.
EUR USD Forecast June 13, 2016 — June 17, 2016 suggests the beginning of a reversal within 5-0 working out a bearish pattern on the daily chart of the euro dollar.
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