Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.1806. At this point, we should expect an attempt to test the upper boundary of the bearish channel near the area of 1.1860 and continue falling to the area below the level of 1.1480.
EUR/USD weekly forecast on December 18 — 22, 2017
In favor of the fall of EUR/USD, a resistance line test will be performed on the indicator of relative strength index (RSI). The abolition of the fall option will be a strong growth and breakdown at the level of 1.2050, which will indicate the continued growth of the pair in the area above the level of 1.2350. Expect to accelerate the fall of the Euro/Dollar on FOREX is worth a breakdown of the level of 1.1700.
EUR/USD weekly forecast on December 18 — 22, 2017 involves an attempt to test the upper boundary of the bearish channel near the level of 1.1860, from which it is expected to attempt a rebound and continue falling of the pair with a potential target at 1.1480, the cancellation of the euro’s fall variant will be a breakdown at the level of 1.2050.
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