EUR/USD forecast & technical analysis on December 8, 2017


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The currency pair Euro Dollar EUR/USD continues to move within the limits of the decline. At the moment, we should expect an attempt to test the resistance level near 1.1830 and continue the fall of the euro/dollar with a target below 1.1670.

EUR/USD forecast & technical analysis on December 8, 2017

In favor of falling quotations EUR/USD will test the resistance line on the indicator of relative strength index (RSI). Cancellation of the variant of the Euro/Dollar price decline will be a breakdown at the level of 1.1860, which will indicate the continued growth of the Euro/Dollar pair above the level of 1.1920. Expect to accelerate the fall of the pair is with the breakdown of the support level and closing below 1.1770.

EUR/USD forecast & technical analysis on December 8, 2017

EUR/USD forecast & technical analysis on December 8, 2017 suggests a test of the resistance level near 1.1830, from which it is expected to continue falling to the area below 1.1670, in favor of the fall, a downtrend test on the relative strength indicator will be issued, the EUR/USD decline option there will be a breakdown at the level of 1.1860, which will indicate the continued growth.

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