Currency pair EUR/USD ends the week down current. At the moment, there is the potential to complete the bullish pattern of 1:1 in order to rise above the level of 1.1750.
EUR/USD Forecast for next week 30.05.2016 — 03.06.2016
Cancellation option of such a model will drop the euro dollar to the current trading week below 1.0950. To complete the model, it is important to see the test level of 1.1080, where one can try to buy the pair EUR USD with a short stop. An additional signal in favor of the growth is the test rising trend line on the Relative Strength indicator, which also points to the potential growth of the euro against the US dollar.
EUR/USD Forecast for next week 30.05.2016 — 03.06.2016 assumes fall in the area at the level of 1.1080, where we can expect the start of the upward movement for the purpose of higher than 1.1750.
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