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. In favor of falling quotes EUR/USD is the formation of the reversal model «Failure Swing» on the indicator of relative strength index (RSI).
EUR/USD forecast Euro Dollar on December 26, 2017
The cancellation of the variant of the Euro/Dollar price decline will be a breakdown at the level of 1.1930, which will indicate 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 26, 2017 assumes a test of the level of 1.1875, from where it is expected to start the fall of the pair in the area below 1.1710, within the framework of working out the reversal model on the indicator of relative strength index (RSI), the cancellation of the EUR/USD decline option will be a breakdown at level 1.1930, which indicates the continued growth.
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