EURUSD – 16.11.2016

The EUR/USD pair has reached the target of its descending wave and started forming a new ascending impulse with the target at 1.0800. After that, the instrument may fall to reach 1.0750, thus forming another consolidation range. If later the market breaks this range to the upside, the correction may continue to reach 1.0900; if to the downside – continue falling inside the downtrend with the target at 1.0650.