The currency pair Euro Dollar EUR/USD continues to move within the framework of growth. At this point, we should expect the pair’s quotes to fall below 1.1800, where again we should expect growth and a test of level 1.19 as part of the completion of the head and shoulders reversal pattern.
EUR/USD prediction & technical analysis on October 16, 2017
In favor of the growth of EUR/USD quotations, a test of the support line will be made on the indicator of relative strength index (RSI). Cancellation of the variant of falling quotations of the euro/dollar on Forex will be strong growth and breakdown at the level of 1.21, which will indicate the continued growth of the pair. Expect to accelerate the fall of the pair is with the breakdown of the level of 1.1650.
EUR/USD prediction & technical analysis on October 16, 2017 suggests an attempt of the test of the area 1.18, from which one should expect a rebound and a pair growth above the area of 1.19 as part of the completion of the «Head and Shoulders» reversal pattern, the abolition of the EUR/USD pair decline option will be a breakdown at the level of 1.21, which indicates the continued growth.
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