Currency pair EUR USD continues to move in the reduction and at the moment there is a potential for the formation of bullish forex Wolfe wave patterns at the time of the test the area of 1.0480. The purpose of growth and refinement of such forex pattern is the area at a level above 1.07.
EUR/USD Forecast Euro/Dollar on February 22, 2017
Cancellation option of growth of quotations euro dollar will fall and breakdown of 1.0420 area, which point to the continued decline and a potential test of 1.0350 area. In favor of a rebound of quotations currency pair appears 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, Publication of minutes of the Fed, CPI, IFO indicators from Germany.
EUR/USD Forecast Euro/Dollar on February 22, 2017 suggests an attempt to test the area of 1.0480, where we can expect growth in the framework of the beginning of the mining bullish forex Wolfe wave model.
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