Currency pair EUR/USD continues to trade near the lower limit of the Wedge model. It is worth waiting for the attempt of growth of quotations in the area above the level of 1.12, where again we should expect the continuation of the fall of quotations of the euro dollar.
EUR/USD technical analysis & signals on June 20, 2017
The lower boundary of the ascending channel is at the level of 1.1020. In favor of falling quotes EUR/USD will come a tight test of the bearish resistance line on the indicator of relative strength index (RSI). The abolition of the fall option will be the breakdown of the local maximum area, which will indicate the continued growth of the euro.
Among the important news that can affect the euro against the dollar, it is worth highlighting: Balance of the current account of the balance of payments, the performance of members of the FOMC and the Fed.
EUR/USD technical analysis & signals on June 20, 2017 involves an attempt to tight test area 1.12 and lower quotations in the area below the level of 1.1020, an additional signal will test the resistance line on the indicator of relative strength index (RSI), the cancellation will breakdown at level 1.13.
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