Currency pair Euro/Dollar EUR/USD continues to move as part of the decline and the beginning of the development of the «Triangle» model. At the time of the publication of the forecast, the euro/dollar rate is 1.1303. At the moment, we should expect an attempt to grow and test the resistance level near the 1.1345 area. Where can we expect a rebound and the continuation of the fall of the euro/dollar currency pair. A potential target of such a movement is the area below the level 1.1135.
EUR/USD forecast Euro Dollar December 18, 2018
The test of the broken trend line on the relative strength index (RSI) will be in favor of the EUR/USD quotes drop. As well as a rebound from the lower border of the «Triangle» model. Cancellation of the option of falling quotes of the Euro/Dollar will be a strong growth and the breakdown level of 1.1365. This will indicate a breakdown of the resistance level and continued growth in the region at the level of 1.1450. Expect to accelerate the fall in growth for the pair EUR/USD stands with the breakdown of the support level and closing below 1.1245.
EUR/USD forecast Euro Dollar December 18, 2018 implies an attempt to test the resistance area near the level of 1.1345. Where should we expect a rebound and an attempt to continue the fall of the pair in the area below the level of 1.1135. In favor of the fall will make a test trend line on the indicator of relative strength index (RSI). Cancellation of the option of falling EUR/USD will be a strong growth and the breakdown level of 1.1365. This will indicate a breakdown of resistance and continued growth of the pair in the area above the level of 1.1450.
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