The currency pair Euro Dollar EUR/USD is trading near the level of 1.0651. The pair continues to move within the downward trend due to the intersection of moving averages at the level of 1.0780. The values of the indicator MACD are located near the zero mark, but in favor of the decline in quotations of the euro, the dollar is the proximity of the downward resistance line on the indicator.
Technical analysis EUR/USD on April 18, 2017
It is worth waiting for the test of the upper bound of the Triangle model and the continuation of the fall of the euro-dollar pair into the area below the level of 1.0560. The cancellation of the EUR/USD fall will result in a strong growth and breakdown of the area 1.0695, which will indicate the pair’s quotes outside the Triangle, as well as the breakdown of the downward resistance line on the MACD indicator.
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