Currency pair Euro Dollar EUR/USD continues to move as part of the decline. At the time of the publication of the forecast, the euro/dollar exchange rate is 1.1508. At the moment, we should expect an attempt to test the resistance level near the area of 1.1555, where we should expect a rebound and the continuation of the fall of the Euro/Dollar with a potential target below the level of 1.1380.
EUR/USD forecast Euro Dollar October 19, 2018
In favor of reducing the EUR/USD quotes, a test of a broken trend line on the relative strength index (RSI) will be made. Cancellation of the option of falling quotes Euro/Dollar will be a strong growth and the breakdown of the level of 1.1625, which will indicate a breakdown of resistance and continued growth in the region at the level of 1.1725. Expect to accelerate the development of the decline in the pair EUR/USD stands with the breakdown of the support area and closure below 1.1465.
EUR/USD forecast Euro Dollar October 19, 2018 implies an attempt to test the resistance area near the level of 1.1555, where a rebound is expected and an attempt to continue to lower the pair to the area below 1.1380; the option of falling EUR/USD will become a strong growth and a breakdown of the level of 1.1625, which will indicate a breakdown of resistance and the continued growth of the pair in the area above the level of 1.1725.