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Sunday, 18 September 2016

Forex forecast for EUR / USD for September 19 - 23

Giving the outlook for EUR/USD, the vast majority of experts say that the couple some time will move sideways, with the support of 1.1200, and that happened all last week, until the mid-Friday. But then, instead of having to go upstairs, the pair made a breakthrough to the south. A pair directed to the support of 1.1120, though it has not reached it, and stoped at the level of 1.1150.
Speaking about the EUR/USD future, indicators on the D1 show that the breakthru may be false, and the ascending channel, which was launched in July, will be continued. However, more likely the pair will fall further first to 1.1100 and then at 100 points below. In the medium term I expect decrease in pair with the aim of 1.0500 - 1.0800.

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