Currency pair Euro Dollar EUR/USD continues to move in the framework of growth and the formation of a reversal pattern. At the time of the publication of the forecast, the euro/dollar rate is 1.1414. At the moment, we should expect an attempt to test the resistance level near the 1.1465 area. Where can we expect a rebound and the continuation of the fall of the Euro/Dollar. The target of this movement is the area below the level of 1.1300.
EUR/USD forecast Euro Dollar November 20, 2018
In favor of the fall in the EUR/USD quotes, a test of the downward trend line on the relative strength index (RSI) will come out. Cancellation of the option of falling quotes Euro/Dollar will be a strong growth and the breakdown of the level of 1.1520. This will indicate a breakdown of the resistance area and continued growth in the area at 1.1665. Expect to accelerate the development of the decline in the pair EUR/USD stands with the breakdown of the support area and closing below 1.1370.
EUR/USD forecast Euro Dollar November 20, 2018 suggests an attempt to test the resistance area near the level of 1.1465. Where can we expect a rebound and an attempt to continue to reduce the pair to the area below 1.1300. The test of the trend line on the relative strength index (RSI) will be in favor of the fall. Cancellation of the option of falling EUR/USD will be a strong growth and a breakdown of the level of 1.1520, which will indicate a breakdown of resistance and the continued growth of the pair in the area above the level of 1.1665.
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