The currency pair Euro Dollar EUR/USD continues to move within the framework of a bearish correction. At the moment, we should expect a test level of 1.1820, where again we should expect a rebound and a fall of the pair in the area below the level of 1.1640.
EUR/USD prediction & technical analysis on October 20, 2017
In favor of the EUR/USD quotes growth, the «Head and Shoulders» reversal pattern appears on the relative strength indicator (RSI). Cancellation of the variant of growth of quotations of the euro dollar for Forex will be a drop and breakdown at the level of 1.1650, which will indicate the continuation of the fall below the level of 1.1550. Expect to accelerate the fall of the pair is with the breakdown of the level of 1.1640.
EUR/USD prediction & technical analysis on October 20, 2017 suggests a test of the level of 1.1820, from which one should expect a rebound and fall of the pair below the 1.1650 area within the beginning of the development of the «Head and Shoulders» reversal pattern, the abolition of the EUR/USD pair growth variant will be a breakdown at the level of 1.1650 , which indicates the continuation of the fall below the area of 1.1550.
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