Currency pair EUR USD ends the week down after the current decision of England to withdraw from the EU structure. However, this reduction was laid down by us in Euro dollar forecast for a week, and nothing unusual we have not seen in this fall.
EUR USD Forecast June 27, 2016 — July 1, 2016
At the moment, there is potential for growth in the beginning of the euro, the dollar quotations within mining bullish wave pattern Wolfe with the upside above 1.1560 level. Cancellation option EUR USD continued growth of quotations could be a drop below 1.0850, which will lead to the continuation of the euro quotations drop to below 1.05 in the near term. An additional signal in favor of growth will be the formation of topping models at shorter periods of time, which also points to the potential growth of the euro against the US dollar.
EUR USD Forecast June 27, 2016 — July 1, 2016 suggests an attempt of growth of pair within the mining bullish wave pattern Wolfe with a view above the level of 1.1560.
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