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 1.1870 and the beginning of the fall of the euro/dollar with a target below 1.1710.
EUR/USD forecast & technical analysis on December 21, 2017
In favor of falling quotes EUR/USD will test the resistance line on the indicator of relative strength, as well as the formation of the descending model of «Wolfe Wave». By canceling the variant of the Euro/Dollar price drop, the breakdown will be level 1.1895, which will indicate the breakdown of the upper limit of the model 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.
EUR/USD forecast & technical analysis on December 21, 2017 suggests a test of the level of 1.1870, from where it is expected to continue falling to the area below 1.1710, as part of the downward development of the «Wolfe Wave» model, in favor of the drop, force, the cancellation of the EUR/USD fall will be a breakthrough at level 1.1895, which will indicate continued growth.
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