Currency pair Euro/Dollar EUR/USD continues to move in the framework of strong growth. At the time of the publication of the forecast, the euro/dollar rate is 1.1476. At the moment, we should expect an attempt to decrease and test the support level near the 1.1425 area. Where can we expect a rebound and continued growth of the euro/dollar currency pair. A potential goal of such a movement is the area above the level of 1.1650.
EUR/USD forecast Euro Dollar December 21, 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. Cancellation of the growth rate of the euro/dollar quotes will fall and the breakdown level of 1.1375. This will indicate a breakdown of the support level and the continuation of a fall into the area at the level of 1.1220. Expect acceleration of growth in the EUR/USD pair with the breakdown of the resistance level and closing above the 1.1510 area.
Among the important news from Europe and America that may affect the course of the EUR/USD pair, it is worth highlighting: Change in the volume of orders for durable goods.
EUR/USD forecast Euro Dollar December 21, 2018 implies an attempt to test the support area near the level of 1.1425. Where should we expect a rebound and an attempt to continue the growth of the pair in the area above the level of 1.1650. 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 1.1375. This will indicate a breakdown of support and the continuation of the fall of the pair into the area below the level of 1.1220.
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