The currency pair Euro Dollar EUR/USD continues to move within the limits of the decline. At the moment, we should expect a test of the support level near 1.1710 and the start of the growth of the euro/dollar with a target above the level of 1.1870 within the framework of the formation of the «Head and Shoulders» reversal model. In favor of growth of quotations EUR/USD is the formation of the reversal model «Failure Swing» on the indicator of relative strength index (RSI).
EUR/USD forecast & technical analysis on December 14, 2017
The cancellation of the variant of Euro/Dollar quotations growth will be a breakthrough at level 1.1690, which will indicate the continuation of the fall of the Euro/Dollar pair below the level of 1.1550. Expect to accelerate the growth of the pair is with the breakdown of the level of 1.1780.
EUR/USD forecast & technical analysis on December 14, 2017 involves a test of the level of 1.1710, from where it is expected to continue growth in the area above 1.1870, within the formation of the reversal model «Head and Shoulders», in favor of growth will make the formation of a reversal model on the indicator of relative strength index (RSI), the cancellation of the EUR/USD growth option will be a breakdown at the level of 1.1690, which will indicate the continuation of the fall.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
