Currency pair EUR USD continues to trade within the descending pattern with 5-0 potential target falling to 1.09. Cancellation option euro decline against the US dollar will be strong growth above the level 1.1170, which will lead to the abolition of the model and point to continued growth in EUR USD quotes in the area above the level of 1.14.
FOREX Euro dollar forecast EUR/USD on July 14, 2016
An additional signal for the continuation of the euro the dollar’s decline from current levels stands the test downward trend line on the indicator of relative strength. We continue to hold to sell the pair EUR USD and are ready to increase the volume of short positions on the development of a fall.
FOREX Euro dollar forecast EUR/USD on July 14, 2016 involves an attempt to drop the euro in the framework of completion of work on the bear model 5-0 with a goal at a level below 1.09.
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