Currency pair EUR USD ends the current week, in line with expectations. At the moment, preserved potential for formation of bullish wave pattern Wolfe.
EUR USD forecast June 20, 2016 — June 24, 2016
To complete the formation of the model you want to see a test level of 1.1020, where you can try to buy the euro, the dollar with a close stop as early as next week’s trading. The aim of growth of EUR/USD and testing of such a model is the area above the level of 1.15. Cancellation option of growth within the wave pattern Wolfe will drop the euro quotations against the dollar below the level of 1.09. In this case, we can expect continuation of decrease in the currency pair in the area below the 1.05 level.
EUR USD forecast June 20, 2016 — June 24, 2016 suggests an attempt to drop to 1.1020 in the framework of the completion of the formation of bullish wave pattern Wolfe, where we can expect the beginning of growth of quotations USD EUR to above the level of 1.15.
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