EUR USD Forecast euro against the dollar on August 26, 2016


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Currency pair EUR USD will continue to fall within the beginning of the descending pattern forex Wolfe waves. We try aggressive sales EUR USD with a close table and increase sales.

EUR USD Forecast euro against the dollar on August 26, 2016

EUR USD Forecast euro against the dollar on August 26, 2016

Cancellation option will be the fall of the euro dollar is strong growth and a break above the 1.1360 area. A potential target of the fall is the area of the euro quotations below 1.10. Also at this point quotation EUR USD pair broke through the support area Forex pivot head and shoulders pattern that could trigger acceleration of the fall of the euro against the US dollar.

EUR USD Forecast euro against the dollar on August 26, 2016 assumes continuation of reduction in the framework of working out a reversal pattern with the immediate goal of the fall below 1.1150.

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