Currency pair EUR USD closed the week at 1.1162. currently has the potential to continue falling euro quotations against the dollar in the rebound from the upper border of the descending channel.
EUR USD Forecast for the week 15 August — 19 August, 2016
Cancellation option EUR USD falling of quotations will be strong growth and penetration level of 1.1250 closing prices. The goal of euro’s decline against the US dollar is the area on the level below 1.0950. However, even in the case of growth of the pair to 1.1250 for a potential fall will continue.
EUR USD Forecast for the week 15 August — 19 August, 2016 implies depreciation of the euro against the US dollar at the beginning of the descending part of forex 1:1 model.
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