Currency pair EUR USD continues to trade in line with expectations and our forecast of the euro the dollar tomorrow. At the moment, there is the potential for the pair to continue falling quotations within 5-0 of the descending pattern with a potential target of the fall below 1.1050.
FOREX EUR USD forecast — June 17, 2016
However, yesterday we saw a correction attempt to up and at the moment there is amuse for the formation of an inverted head and shoulders pattern. This suggests an attempt to drop the dollar to the euro at a level below 1.1230, from where we can expect the beginning of growth. If, however, the euro will fall further down to below 1.1180. In this case, the region is expected to continue falling pair of quotes below 1.1050.
FOREX EUR USD forecast — June 17, 2016 suggests an attempt to fall to 1.1230 to complete the formation of inverted head and shoulders pattern.
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