Currency pair EUR USD finished the current trading week of the fall. At the moment, there is potential for growth in the beginning of the area above the level of 1.15 as early as next week’s trading. The signal in favor of the development of the stock is EUR USD acts forming bullish wave pattern Wolfe, that presupposes an attempt to buy the euro against the US dollar with a close stop loss.
EUR USD forecast Euro exchange rate July 25, 2016 — July 29, 2016
Cancellation hurt working out such a model would be a drop in prices EUR USD below 1.08, which points to a continuation of falling of pair euro dollar to below 1.05. An additional signal in favor of continuing growth EUR USD testing the rising trend line on the indicator of relative strength, which also indicates the presence of the support area near 1.0950 levels.
EUR USD forecast Euro exchange rate July 25, 2016 — July 29, 2016 assumes attempt bounce up and start moving upwards with a potential target higher than 1.15, the cancellation will break through the 1.08 level.
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