The currency pair Euro Dollar EUR/USD continues to move within the framework of the bullish channel. At this point, we expect the pair to fall to the lower channel boundary near the 1.2140 area, where again we should expect a rebound attempt and the continued growth of the euro/dollar.
EUR/USD forecast & technical analysis January 23, 2018
In favor of the growth of EUR/USD quotations, a test of the support line will be made on the indicator of relative strength index (RSI). The cancellation of the variant of Euro/Dollar price growth will be a breakdown at the level of 1.2090, which will indicate the breakdown of the lower boundary of the bullish channel and the continuation of the fall of the Euro Dollar below the level of 1.1950.
EUR/USD forecast & technical analysis January 23, 2018 suggests an attempt to test the lower border of the channel near the area of 1.2140, from which we should expect a rebound and an attempt to continue the pair’s growth above 1.2480, the cancellation of the EUR/USD growth option will be a breakthrough at level 1.2090, which will indicate on the continuation of the fall of the pair into the area below the level of 1.1950.
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