EUR/USD forecast Euro Dollar December 14, 2018


Currency pair Euro/Dollar EUR/USD continues to move in the framework of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the euro/dollar rate is 1.1356. At the moment, we should expect an attempt to reduce and test the support level near the area of ​​1.1345. Where can we expect a rebound and continued growth of the euro dollar currency pair. A potential target of such a movement is the area above the level of 1.1585.

EUR/USD forecast Euro Dollar December 14, 2018

In favor of the growth of the EUR/USD quotes, a test of the rising trendline on the relative strength index (RSI) will be made. As well as a rebound from the lower border of the «Triangle» model. Cancellation of the growth rate of Euro/Dollar quotes will be a fall and a breakdown of the level of 1.1260. This will indicate a breakdown of the support level and a continued decline to the region at the level of 1.1100. Waiting for confirmation of the development of growth for the EUR/USD pair is with the breakdown of the upper boundary of the «Triangle» model and closure above 1.1435.

EUR/USD forecast Euro Dollar December 14, 2018

Among the important news from Europe and America, which may have an impact on the EUR/USD pair, it is worth highlighting: Changes in the volume of retail trade.

EUR/USD forecast Euro Dollar December 14, 2018 implies an attempt to test the support area near the level of 1.1345. Where can we expect a rebound and an attempt to continue the growth of the pair in the area above the level of 1.1585. In favor of growth will make a test trend line on the indicator of relative strength index (RSI). Cancellation of the growth option EUR/USD will be the fall and the breakdown level of 1.1260. This will indicate a breakdown of support and the continuation of the fall of the pair in the area above the level of 1.1100.


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