Currency pair EUR USD continues to move in the development of ascending correction, it is likely the pair will not leave until the attempt to increase the rate of the ECB, however, is currently en again retained the potential to fall quotes by another downlink test, an indicator of the trend of relative strength.
EUR USD Forex Euro Dollar Forecast on January 18, 2017
In favor of a fall also advocates the formation of the descending wave pattern Wolfe with a view on the level fall below the 1.05 area, and the second target at levels below 1.04. But do not rule out a more dense area test suites zones above the level of 1.0770.
Acceleration EUR USD quotes fall is expected to breakdown of the uptrend line on the indicator of relative strength, which points to a potential test of 1.0350 area.
Among the important news that could have an impact on the euro dollar, we should mention, the consumer price index in the EU, the Consumer Price Index in the US, as well as the speech of the Fed’s Janet Yellen speech.
EUR USD Forex Euro Dollar Forecast on January 18, 2017 suggests an attempt to fall within the beginning of the descending wave pattern Wolfe with a potential target of the fall to a level below 1.05 area.
