The currency pair Euro Dollar EUR/USD continues to move within the bearish channel. At this point, we should expect an attempt to test the resistance level near 1.1810 and continue the fall of the euro/dollar with a target below 1.1640. In favor of falling quotations EUR/USD will test the resistance line on the indicator of relative strength index (RSI).
EUR/USD forecast & technical analysis on December 20, 2017
Cancellation of the variant of the Euro/Dollar price decline will be a breakdown at the level of 1.1860, which will indicate the breakdown of the upper border of the channel and the continued growth of the Euro Dollar pair above the level of 1.1950. Expect to accelerate the fall of the pair is with the breakdown of the level of 1.1715.
EUR/USD forecast & technical analysis on December 20, 2017 involves a test of the level of 1.1810, where it is expected to continue falling to the area below 1.1640, as part of the development of the reversal model «Head and Shoulders», in favor of the drop will test the resistance line on the indicator of relative strength index (RSI), the cancellation of the EUR/USD fall will be a breakthrough at level 1.1860, which will indicate continued growth.
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