The currency pair Euro Dollar EUR/USD continues to move within the framework of growth. At this point, we should expect a test of the level of 1.1910 and the beginning of the fall of the euro dollar with a target below 1.1760. In favor of falling quotes EUR/USD is the formation of the reversal model «Failure Swing» on the indicator of relative strength index (RSI).
EUR/USD forecast Euro Dollar on December 28, 2017
The cancellation of the variant of the Euro/Dollar price decline will be a breakdown at the level of 1.1930, which will indicate the continued growth of the Euro/Dollar pair above the level of 1.1990. Expect to accelerate the fall of the pair is with the breakdown of the level of 1.1815. An additional signal in favor of the fall is the breakdown of the trend line on the indicator of relative strength index (RSI).
EUR/USD forecast Euro Dollar on December 28, 2017 involves a test of the level of 1.1910, from where it is expected to start the fall of the pair in the area below 1.1760, as part of the working out of the reversal model on the indicator of relative strength, the abolition of the EUR/USD fall will be a breakdown at level 1.1930, which indicates the continued growth.
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