The currency pair Euro Dollar EUR/USD continues to move within the bearish channel. At this point, we should expect an attempt to test the upper border of the bearish channel near the level of 1.1670 and continue falling below the level of 1.1510. In favor of falling quotations EUR/USD will test the resistance area on the indicator of relative strength.
EUR/USD prediction & technical analysis on November 14, 2017
Cancellation of the variant of falling quotations of the euro/dollar on Forex will be strong growth and breakdown of the resistance level with the closing above 1.1690, which will indicate the continued growth of the pair Euro/Dollar. Expect to accelerate the fall of the pair is with the breakdown of the lower boundary of the channel and closing below 1.1500.
EUR/USD prediction & technical analysis on November 14, 2017 suggests an attempt to test the upper border of the channel near 1.1670, from which it is expected to continue falling of the pair with a target below 1.1510, an additional signal in favor of the EUR/USD decline will be a test of the resistance area on the indicator of relative strength index (RSI), the cancellation of the fall of the EUR/USD pair will be a breakdown of the resistance level and the closing above 1.1690, which will indicate the outflow of quotes outside the channel and the continued growth of the euro.
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