EURUSD – 07.10.2016

Being under pressure, the EUR/USD pair is moving downwards. The price is expected to reach 1.1100. After breaking the triangle pattern to the downside, the instrument may continue falling to reach 1.1070 and then form another consolidation range. If later the market breaks this consolidation range upwards, it may be corrected to reach 1.1150; if downwards – continue falling inside the downtrend with the target at 1.0700.