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.
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.