Currency pair EUR USD continues to fall within the framework of working out a bearish wave Wolfe. We continue to keep selling the pair is expected to fall and the euro dollar to below the level of quotations 1.10. Cancellation option here would be a strong growth of the pair EUR USD above 1.14 level, but such an option, we believe it unlikely.
EUR USD Forecast Euro against the dollar on August 31, 2016
With chatted local minimum area should expect acceleration of the fall of the euro dollar quotations with the aim of coming to a level below 1.11 area. An alternative would be a strong rise in the euro against the dollar to a broken wave pattern borders Wolf, then is expected to continue falling.
EUR USD Forecast Euro against the dollar on August 31, 2016 suggests the continuation of falling of quotations within the mining bearish Wolfe wave model in order to reduce the level below 1.10 area.
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