EURUSD currency pair euro dollar in the current trading week showed no significant movements in the FOREX and completes it near the level of 1.1350. At the beginning of the new trading week 05.16.2016 — 05.20.2016 is expected to attempt to euro quotations falling dollar in the region at the level of 1.1250, where there is a potential for the development of correction and reversal pattern forming head and shoulders. To do this test to see further into the region above the 1.1420 level, where you can try new Euro sales with the targets below 1.07.
Forecast EUR/USD for the week 16 — 20 May, 2016
The overall purpose of the probable fall of the euro the dollar on the current trading week, 16 – 20 May 2016 is the area of the lower boundary of the rising channel on the level of 1.10. Cancellation option will be a strong growth of quotations EURUSD above the level of the upper limit that indicates the acceleration of the upward trend for the pair.
Thus, Forecast EUR/USD for the week 16 — 20 May, 2016 suggests an attempt to continue falling in the area at the level of 1.1250, where there is a potential for the development of the correction, the overall purpose of the stands lower boundary of the channel at the level of 1.10.