The currency pair EUR/USD Euro Dollar continues to move as part of the development of the downward wave model of Wolf and at the moment there is still potential for continuing the fall into the area below the level of 1.0740. In favor of the drop, a test will be made of the upper boundary of the descending channel, as well as a resistance line test on the relative strength indicator.
EUR/USD Prediction Euro Dollar on March 29, 2017
The cancellation of the variant of the fall of the euro dollar may be a strong increase in the breakdown of the upper boundary of the descending channel, which will indicate continued growth. At the time of the test of the support area of 1.0740 there are risks of seeing a new correction and completing the formation of a large reversal forex head and shoulders model that will indicate the continued decline of the euro-dollar pair into the area below the level of 1.06. With the breakdown of the area 1.08, we expect an acceleration of the fall in the quotations of the pair Euro Dollar in the area below 1.0740.
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