Currency pair EUR USD EUR USD finished the trading week with a serious drop in without corrections and pullbacks in favor of European currency. At the moment, the pair quotes are testing the lower limit of tight Forex Triangle patterns, the breakdown of which will provoke a downward continuation of falling of euro dollar quotations within the mining model, with the potential to reduce the level below 0.92 areas.
EUR USD Forecast on November 21, 2016 — November 25, 2016
In favor of a potential breakdown of the lower limit of the model is the point of the test is correct boundaries, indicating the weakness of the upward movement of the market and the desire to punch up the model. But do not rule out an attempt upward correction euro dollar quotes to 1.08 in the rebound relative strength indicator values of the lower limit of the downward channel.
EUR USD Forecast on November 21, 2016 — November 25, 2016 suggests a potential attempt to break the lower boundary of triangle forex pattern and continue falling after a minor upward correction quotation EUR USD.