Currency pair EUR USD continues to move in the development of the downward trend. Currently quotes tight test resistance area, and there are risks of a fall from these levels in the area below the 1.0450 level, the abolition of the euro falling dollar options can be strong price growth beyond the upper limit of the downward channel.
Forex EUR USD Euro Dollar Forecast on November 25, 2016
In favor of a continuation of the downward trend appears tight test the descending resistance line on the indicator of relative strength. We continue to hold to sell the pair and are ready to increase the volume of short positions on the development of a fall.
Forex EUR USD Euro Dollar Forecast on November 25, 2016 suggests an attempt to continue the pair quotes fall in the rebound from the resistance area with the potential to reduce the level 1.0450, in case of release quotes the descending channel, we should expect a full correction of quotations in the area above the level of 1.0750, where you can try to sell again.