EUR/USD forecast & technical analysis on December 7, 2017


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The currency pair Euro Dollar EUR/USD continues to move within the limits of the decline. At this point, we should expect an attempt to test the broken channel border near the level of 1.1850 and continue the fall of the euro dollar with a target below the level of 1.1690.

EUR/USD forecast & technical analysis on December 7, 2017

In favor of falling quotations EUR/USD will test the resistance line on the indicator of relative strength index (RSI). The cancellation of the variant of the Euro/Dollar price decline will be a breakdown at the level of 1.1905, which will indicate the return of quotations to the channel and the continued growth of the Euro/Dollar pair above the level of 1.2020. Expect to accelerate the fall of the pair is with the breakdown of the support level and closing below 1.1810.

EUR/USD forecast & technical analysis on December 7, 2017

EUR/USD forecast & technical analysis on December 7, 2017 suggests an attempt to test the lower border of the channel near 1.1850, from where it is expected to continue falling to the area below 1.1690, in favor of the fall will perform a downtrend test on the indicator of relative strength index (RSI), the abolition of the EUR/USD will become a breakthrough at level 1.1905, which will indicate continued growth.

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