Currency, the euro dollar EUR USD continued development of a rebound from the bottom of the bovine model 1:1. At the moment, there is the potential for the formation of an inverted head and shoulders pattern.
FOREX EUR/USD Forecast — June 2, 2016
To complete the model you want to see a test level of 1.1140, where one can try to buy the euro, the dollar with a close stop. Cancellation option bovine mining model 1:1 will drop the euro dollar quotations below 1.1040. We again try to buy the pair with the tight stop. With the development of the upward trend will increase the amount of long positions. FOREX EUR/USD Forecast — June 2, 2016 suggests an attempt to rebound from the lower boundary of the rising pattern of 1:1 with a view to the potential growth level above 1.17.
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