EUR/USD prediction & technical analysis on October 31, 2017


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The currency pair Euro Dollar EUR/USD continues to move within the fall. At the moment, we should expect a test of the broken support area near the level of 1.1650 and the continuation of the fall below the level of 1.1520. In favor of falling quotations EUR/USD will test the resistance line on the indicator of relative strength index (RSI).

EUR/USD prediction & technical analysis on October 31, 2017

Cancellation of the variant of falling quotations of the euro/dollar for Forex will be a strong growth and breakdown at the level of 1.1720, which will indicate the continuation of growth in the upper boundary area of ​​the channel. Expect to accelerate the fall of the pair is with the breakdown of the level of 1.1565.

EUR/USD prediction & technical analysis on October 31, 2017

Among the important news from Europe and America, which can influence the rate of the EUR/USD pair, it is worth highlighting: The indicator of consumer confidence.

EUR/USD prediction & technical analysis on October 31, 2017 suggests a test of the resistance level near 1.1650, from which it is expected to continue the fall of the pair below the area of ​​1.1520, an additional signal is the resistance line test on the relative strength indicator (RSI), the withdrawal of the pair EUR/USD breakdown at the level of 1.1720, which indicates the continued growth.

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