EUR USD forecast for the week 8 August — 12 August, 2016


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Currency pair EUR USD ends the week down current. At the moment, there is potential for further euro against the dollar quotations falling to below the level of 1.1010, where we can expect the beginning of growth within the mining model 5-0 bullish on small time intervals.

EUR USD forecast for the week 8 August — 12 August, 2016

EUR USD forecast for the week 8 August — 12 August, 2016

The potential for continued growth EUR USD quotations on the next trading week will be a strong growth and penetration level of the upper limit of the downward channel. Meanwhile, the euro was trading quotes inside the descending pattern, the pair will remain under pressure, and there are continuing downtrend risks in the area below the level of 1.05.

EUR USD forecast for the week 8 August — 12 August, 2016 assumes the test area below the level of 1.1010, where we should expect the continuation of the rising correction and fall.

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