Currency pair EUR USD closed the week at 1.1163, currently retained potential for continuation of falling of euro dollar quotations within mining bearish wave pattern Wolfe at a level below 1.10 area.
EUR USD Forecast on September 5, 2016 — September 9, 2016
Cancellation option EUR USD will fall the strong price growth above the level 1.1350, which will point to the abolition of the forex wave pattern Wolfe. An additional signal for the continuation of the fall will be the completion of the formation of topping models forex head and shoulders, but do not rule out a drop since the current levels of the breakdown of the neckline reversal pattern.
EUR USD Forecast on September 5, 2016 — September 9, 2016 suggests an attempt to fall within the framework of completion of work on the model Wolfe waves order to fall below the level of 1.10, the cancellation will update the local maximum field that points to the continued growth of quotations in EUR USD the area above the level of 1.15.
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