Currency pair EUR USD continues to move through the fall and our last forecast of the euro the dollar at the moment has the potential to complete the formation of bullish forex model Wolfe wave near the area of 1.0480, where is inhabited by an attempt to rebound and start the growth of quotations in the area above the level of 1.07.
EUR USD Forex Forecast Euro Dollar on February 23, 2017
Cancellation option price growth will drop the euro, the dollar and the breakdown of 1.0440 area, which point to a continuation of the downward trend from the first to reduce to levels below 1.0350, which further points to a continuation of the fall to the euro dollar parity. In favor of a bounce speaks tight test support area on the indicator of relative strength.
Among the important news that could affect the rate of the euro against the dollar, we should mention, number of initial applications for benefits for unemployment in the US, the number of repeated applications for benefits unemployment in the US, the FOMC members presentation speech.
EUR USD Forex Forecast Euro Dollar on February 23, 2017 suggests a tight test of 1.0480 area, where we can expect the beginning of growth within the mining rising wave pattern Wolfe, the breakdown of 1.0440 area points to a continuation of the fall of the euro dollar.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
