Currency pair EUR USD continues to move in the upward correction due to mining forex Wedge pattern. At the moment, the euro dollar quotes are testing resistance area, and there is potential for a rebound and continued growth of EUR/USD quotes in the area above the level of 1.07, where again is expected to fall within the framework of the descending pattern forex, 5-0.
EUR USD Forecast Forex Euro Dollar on February 17, 2017
Target of the fall will make the area below the level of 1.05. Cancellation option will be the fall of quotations breakdown of 1.0750 area, which indicates continued growth in an EUR/USD quotes in the area above the level of 1.0850.
Important news from Europe and America, which can have an impact on the euro dollar is not expected, so the pair will continue to move in the EUR/USD technical analysis.
EUR USD Forecast Forex Euro Dollar on February 17, 2017 suggests an attempt to increase to 1.07 in the framework of the completion of the formation of the descending pattern forex 5-0 with a potential target of the field at a level below 1.05.
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