Currency pair EUR USD EUR USD continues to test the tight downward resistance line on the indicator of relative strength, indicating a continuation of the bearish trend for the pair with a potential target of the fall below the level of 1.08. Cancellation option will be a strong growth of quotations of the dollar the euro above the level of 1.0970. In this case, we should expect the continuation of the rising correction to above the level of 1.10.
Forex Euro Dollar Forecast EUR USD on October 31, 2016
We continue to keep selling the dollar and euro are ready to increase the volume of short positions on the pair with a close stop.
Forex Euro Dollar Forecast EUR USD on October 31, 2016 suggests an attempt to continue the reduction in the rebound from the resistance line from a potential target falls below the level of 1.08.
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