EUR/USD dollar exchange rate forecast May 23, 2016


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Currency pair EUR USD continues to trade on the Forex in line with expectations and our euro forecast for tomorrow. At the moment there is a potential for correction to above 1.1340 levels.

EUR/USD dollar exchange rate forecast May 23, 2016

EUR/USD dollar exchange rate forecast May 23, 2016

Cancellation option can be a continuation of the fall and refresh lows. You can also assume that we have formed bullish pattern of 1:1. To complete the formation of the model you want to see a test level of 1.1120. Where can I consider buying the euro dollar pair with a little stop loss. At this moment we should wait for the beginning of the correction. An additional signal in favor of the EUR USD quotations growth is the formation of an inverted head and shoulders pattern on the indicator of relative strength. EUR/USD dollar exchange rate forecast May 23, 2016 suggests an attempt to euro currency pair dollar correction to above 1.1300 levels.


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