Currency pair EUR USD continues to test the area of a local maximum. At the moment there is a potential for falling euro quotations within mining reversal forex head and shoulders pattern with a view to and below 1.1310.
EUR/USD Forecast Euro Dollar — June 8, 2016
In the vicinity of the lower boundary of the rising channel can try to buy new eur usd with a close stop, there will be potential for upward movement by working out bovine model 1:1. We continue to hold the euro against the US dollar purchases. Cancellation option of growth could be breaking through the ascending channel’s lower border.
EUR/USD Forecast Euro Dollar — June 8, 2016 assumes the euro falling within the mining forex reversal pattern with the target at the level of 1.1310, after which growth is expected to continue.
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