Currency pair EUR USD continues to trade on FOREX within our expectations and the euro dollar forecast for tomorrow. At the moment, there is the potential to continue falling slightly below and started upward correction to above 1.1450 levels.
EURO DOLLAR forecast — May 19, 2016
Cancellation option of upward correction may be a drop in the euro dollar quotations in the area below the level 1.1180, which will lead to the abolition of the potential formation of a head and shoulders pattern. An additional signal in favor of the beginning of the upward correction in the euro dollar acts forming the model failure swing on the indicator RSI relative strength. EURO DOLLAR forecast — May 19, 2016 suggests an attempt to start an upward movement in the region at a level above 1.1450; the cancellation will be upgrade lows.
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