The EUR/USD technical analysis and forecast for the week 27 June 2016 – 1 July 2016

forex-news-euroThe fall of the EUR/USD since the previous evening was 4.5%, but in the last hours of observed recovery attempts. The output of the United Kingdom will have a significant impact on the EU economy. The main reaction to the events in Britain occurred in the markets, you should pay attention to the next steps of the ECB and the Bank of England.

Currency pair EUR/USD fell to a level of 1.09, however, quotes showed a rebound to 1.11. Indicator of relative strength on the daily chart may continue downward movement down, which indicates the strength of the “bears”. Thus, the forecast EUR/USD on the week of June 27 – July 1 assumes prices rebound up from the level of 1.11, but a break-down will be the signal for further sales of the European currency.

 

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