Currency, the euro dollar EUR/USD has shown strong growth in the time of publication NON-FARM PAYROLLS. We’ve been trying to write about the euro dollar growth within the mining bovine model 1:1 with a potential target at the level of 1.17, which is what happened.
EUR/USD Forex Forecast — June 7, 2016
We continue to keep buying the euro dollar. Cancellation option of continued growth can be a drop in the euro quotations below 1.1050, but this option we consider unlikely. The nearest resistance may be a region at the level of 1.1550, where one can expect the beginning of a downward correction. The main options on June 7, 2016 should wait for a correction on the pair in the region at the level of 1.13, where you can try new purchases with a close stop. Cancellation option of growth within the small bullish pattern of 1:1 on the four-hour chart can be a drop in the euro dollar quotations below the level of 1.1250.
EUR/USD Forex Forecast — June 7, 2016 assumes a drop in prices in the region of 1.13, where we should expect a new wave of growth with a view above the level 1.1450.
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