Currency pair EUR USD continues to trade in line with expectations and our euro forecast for tomorrow. At the moment, there is potential for further drop to 1.1080, from where we can expect the beginning of growth and testing of bottom-up 1:1.
FOREX EUR USD Forecast — May 26, 2016
Cancellation option will break through the rising channel’s lower border, which will lead to a drop in the euro against the dollar to below 1.05. An additional signal in favor of the growth is the area of support and test indicator RSI. FOREX EUR USD Forecast — May 26, 2016 suggests to 1.1080 to end the rising pattern of 1:1, and then we can expect the start of the upward trend for the pair.
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