The currency pair Euro Dollar EUR/USD continues to move within the framework of growth. At the moment, we should expect an attempt to test the resistance level near 1.1860 and the beginning of the fall of the euro with a target below 1.1600 as part of the start of the development of the «Head and Shoulders» reversal model.
EUR/USD forecast & technical analysis on December 15, 2017
In favor of falling quotations EUR/USD will test the upper boundary of the channel on the indicator of relative strength index (RSI). Cancellation of the variant of the Euro/Dollar price decline will be a breakdown at the level of 1.1980, which will indicate the continued growth of the Euro Dollar pair above the level of 1.2150. Expect to accelerate the fall of the pair is with a breakdown of the «Neckline» and closing below 1.1705.
EUR/USD forecast & technical analysis on December 15, 2017 suggests a test of the level of 1.1860, from which it is expected to continue falling to the area below 1.1600, as part of the development of the «Head and Shoulders» reversal model, in favor of the fall will perform a resistance test on the indicator of relative strength index (RSI), the cancellation of the EUR/USD fall will be a breakdown at the level of 1.1980, which will indicate continued growth.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
