Currency pair EUR USD ends the week near the level of the local minimum. At the beginning of the next trading week on the euro, the dollar, we expect continuation of falling of attempt and of the descending pattern with 5-0 potential target at levels below 1.09.
EUR USD forecast Euro exchange rate July 11, 2016 — July 15, 2016
However, in the subsequent growth is expected to continue in the framework of working out bovine Wolfe wave model with a view above the level of 1.15. Cancellation option to continue the growth of quotations EUR USD pair will fall below the level of 1.08, which points to a continuation of the fall of the euro dollar quotations in the area below the level of 1.05. At the moment, we keep selling EUR USD, but at the time of correction are ready to try to buy.
EUR USD forecast Euro exchange rate July 11, 2016 — July 15, 2016 1.09 level suggests the test, after which we can expect the start of mining bovine model Wolfe waves with a potential target for growth of the euro against the dollar at a level above 1.15.
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