Forex Euro Dollar Forecast EUR USD on November 2, 2016


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Currency pair EUR USD EUR USD continues to develop upward correction and currently quotes practically tested the upper limit of the downward channel, where we can expect the beginning of the fall of the euro against the US dollar. Cancellation option will be a strong growth area and the breakdown of 1.1030 closing prices that will point to a continuation of the rising correction for the EUR USD.

Forex Euro Dollar Forecast EUR USD on November 2, 2016

Forex Euro Dollar Forecast EUR USD on November 2, 2016

In favor of the fall is the test of the descending trend line on the indicator of relative strength, as well as the formation of reversal pattern Forex failure swing on the indicator of relative strength.

Forex Euro Dollar Forecast EUR USD on November 2, 2016 suggests an attempt to fall within the beginning of the descending forex 1:1 model in order to reduce the level of a 1.0750.

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