Wave Analysis 17.03.2015 (EUR/USD)

FXTM Online Analysis Department.

EUR USD, “Euro vs US Dollar”

The market continues forming a descending impulse (v) of [iii] with a double extension inside it. In the nearest future Euro is expected to continue falling and complete this whole structure.

Probably, the price has finished wave iv of (v) of [iii]. In the nearest future, the market is expected to reach a new local low and stay below 1.0450.