Currency, the euro dollar showed a drop in May this year, as we expected in the forecast EUR / USD a month. In this review we consider the forecast Euro Dollar (EUR/USD) on June 2016 under the technical analysis chart. At the current moment there is potential for growth in EUR USD quotes in the rebound from the bottom of the bovine model 1:1.
Forecast Euro Dollar EUR/USD — June 2016
Potential upside target may be a region above the level of 1.17. Cancellation option increase in the euro dollar in June 2016 will be a drop in prices pair below the level of 1.10, which will lead to the cancellation of the bovine version of the pair. An additional signal in favor of the euro appreciation against the US dollar stands the test the uptrend line on the indicator of relative strength, which also involves an attempt to increase the euro. We try to buy EUR/USD pair with the tight stop. For shorter periods of time is also a reversal patterns that suggest the euro.
Forecast Euro Dollar EUR/USD — June 2016 suggests an attempt to increase within the bovine sat down mining model 1:1 in order to rise above the level of 1.17.
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