EUR USD forecast next week May 23 — May 27, 2016


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Currency pair EUR USD held this week in line with expectations. At the moment, there is potential for the beginning of growth at the beginning of the next trading week.

EUR USD forecast next week May 23 — May 27, 2016

EUR USD forecast next week May 23 — May 27, 2016

As you can see on the daily chart eur/usd, indicator RSI testing the uptrend line. That involves an attempt to rebound and growth in the area of a local maximum. It also has the potential to form a bullish pattern of 1:1. To do this, see the test of the rising channel’s lower border. Where we should expect a rebound and the attempt to increase the euro. Cancellation option bullish scenario for the euro dollar will fall in quotations EUR/USD pair below 1.1080. The goal of the upward movement area can act on the current trading week above the level of 1.15. EUR USD forecast next week May 23 — May 27, 2016 suggests an attempt to upward movement in the rebound from the support area.


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