The currency pair EUR USD went into the development of the upward trend after the publication of the indicator Nonfarm Payrolls, but at the moment there remains the potential for falling quotations of the euro dollar as part of the development of the downward wave model of Wolf. In favor of the variant of the drop from the level of 1.0650 is the resistance area test on the indicator of relative strength.
EUR/USD Forecast Euro Dollar on March 13, 2017
The goal of reducing and working out the model is the area at the level below 1.0470. The abolition of the option of lowering the quotations of the euro dollar will be the breakdown of the region 1.0690, which will indicate the continuation of the development of the bullish trend for the pair. Expect to accelerate the fall in quotations EUR/USD is worth a breakdown of the area 1.0520.
Among the important news that may have an impact on the euro against the dollar, it is worth highlighting, Speech by the President of the European Central Bank, Mario Draghi, with a speech.
EUR/USD Forecast Euro Dollar on March 13, 2017 suggests a fall attempt as part of the start-up of the bearish wave model of Wolf, with a potential downside target at 1.0480.
