Currency pair EUR USD continued to trade within the lateral movement on the previous trading week, we did not see serious movement on the pair. To date, it remains relevant bullish wave pattern Wolfe, however, we can expect another test of support area on EUR USD and only after that you can try to buy the euro against the US dollar.
EUR USD forecast Euro exchange rate July 18, 2016 — July 22, 2016
An additional signal in favor of the beginning of the growth of the euro in the next trading week of July 18 — July 22, 2016 will be a test of the support line on the indicator of relative strength, it will also indicate an attempt to growth in the euro against the US currency. We keep the euro in the framework of the sale of the descending pattern with 5-0 potential target at levels below 1.09, hence ready to try to buy, the cancellation option fall EUR USD at the beginning of the trading week will be a strong growth of euro quotations and penetration level of 1.1190, which points to continued growth.
EUR USD forecast Euro exchange rate July 18, 2016 — July 22, 2016 suggests an attempt to fall to the level of 1.09, where we can expect the beginning of growth within the mining bullish wave Wolfe with a potential target of growth above the level of 1.15.
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