The currency pair Euro Dollar EUR/USD continues to move within the framework of growth. At this point, we should expect an attempt to test the level of 1.1875 and the beginning of the fall of the euro/dollar with a target below 1.1710.
EUR/USD forecast Euro Dollar on December 22, 2017
In favor of falling quotes EUR/USD is a test of the resistance line on the indicator of relative strength under (RSI). The cancellation of the Euro/Dollar decline will be a breakthrough at level 1.1910, which will indicate the breakdown of the upper limit of the descending channel and the continued growth of the Euro/Dollar pair above the level of 1.1990. Expect to accelerate the fall of the pair is with the breakdown of the level of 1.1815.
An additional signal in favor of the fall is the formation of the bearish model of «Wolfe Wave» at small time intervals.
EUR/USD forecast Euro Dollar on December 22, 2017 involves a test of the level of 1.1875, where it is expected to continue falling to the area below 1.1710, as part of the development of the reversal model, in favor of the drop is the resistance line test on the indicator of relative strength index (RSI), the cancellation will break at the level of 1.1910, which will indicate the continued growth.
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