EURUSD – 04.10.2016

The EUR/USD pair has broken the consolidation range downwards and right now is forming another descending structure with the target at 1.1186. After that, the instrument may form another consolidation range continue moving according to the main scenario and fall to reach 1.1125. Later, in our opinion, the market may be corrected towards 1.1186 and then continue falling inside the downtrend to reach 1.1100.