Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.1913. At the moment, we should expect an attempt to test the broken down channel border near the 1.1850 area and continue growth to the area above 1.2350.
EUR/USD forecast on November 27 — December 1, 2017
In favor of EUR/USD growth, a support line test will be performed on the relative strength indicator (RSI). Cancellation of the growth option will be a drop and breakdown at the level of 1.1550, which will indicate the continuation of the fall of the pair in the area below the level of 1.1250. Expect to accelerate the growth of the Euro/Dollar on Forex costs with the breakdown of the level of 1.2050.
EUR/USD forecast on November 27 — December 1, 2017 suggests an attempt to test the broken downside of the bearish channel near the level of 1.1850, where we can expect the pair to continue growing with the potential target of 1.2350, the euro will be canceled at the level of 1.1550.
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