Currency pair Euro Dollar EUR/USD closes the trading week near the area of 1.1755. At this point, we should expect an attempt to test the upper boundary of the bearish channel near the area of 1.1860 and continue falling to the area below the level of 1.1450. In favor of the fall of EUR/USD, a resistance area test will be performed on the relative strength indicator.
EUR/USD weekly forecast on on December 11 — 15, 2017
The abolition of the fall option will be a strong growth and breakdown at the level of 1.2050, indicating that the pair will continue to grow above 1.2350. Expect the acceleration of the fall of the Euro/Dollar on FOREX stands with the breakdown of the level of 1.1720.
EUR/USD weekly forecast on on December 11 — 15, 2017 involves an attempt to test the upper limit of the downward channel near the level of 1.1860, from which it is expected to attempt a rebound and continue the fall of the pair with a potential target at 1.1450, the cancellation of the euro’s fall option will be a breakdown at level 1.2050.
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