The currency pair EUR USD continues to develop the decline as part of the development of the bearish forex wave model of Woolf with the potential purpose of working near the level of 1.0470. At the moment, we should expect an attempt to continue falling into the area of an important support level of 1.0530.
In favor of accelerating the fall in the quotations of the euro, the dollar will become a breakdown of the upward trend line, which will indicate a potential breakdown of the support area and the continuation of the pair’s fall into the area below the level of 1.0350.
EUR/USD Forecast Euro Dollar on March 15, 2017
The cancellation of the option of lowering quotations will be the breakdown of the area 1.0720. We continue to hold down the sale of the pair and are ready to try new deals as the decline begins.
Among the important news that could affect the euro against the dollar, it is worth highlighting, the Consumer Price Index, the Retail Sales Change, the Economic forecast from the FOMC, the FOMC decision on the basic interest rate, it is expected that the rate can raise by 0.25% to level 1 %, Which can provoke a strong growth of the dollar against the European currency, the FOMC Accompanying Statement, the FOMC Press Conference.
EUR/USD Forecast Euro Dollar on March 15, 2017 suggests an attempt to continue falling as part of the development of the Forex model of the Wolf wave with the first purpose of reducing near the area 1.0530.
