The currency pair Euro Dollar EUR/USD continues to move within the limits of the decline. At the moment, we should expect a test of the resistance level near the area of 1.2280, where again we should expect an attempt to rebound and continue the fall of the Euro/Dollar with a target below the level of 1.2130.
EUR/USD forecast & technical analysis April 25, 2018
In favor of falling quotations EUR/USD will test the trend line on the indicator of relative strength index (RSI). Cancellation of the variant of the Euro/Dollar price decline will be a breakdown at the level of 1.2320, which will indicate a breakdown of resistance and the continued growth of the Euro/Dollar above the level of 1.2450. To expect confirmation of the development of the fall on the pair is with the breakdown of the support area and the closing below the level of 1.2160.
EUR/USD forecast & technical analysis April 25, 2018 suggests an attempt to test the resistance area near the level of 1.2280, where we can expect a rebound and an attempt to continue falling the pair into the area below the level of 1.2130, the cancellation of the EUR/USD fall will be a breakdown at the level of 1.2320, which will indicate to continue the growth of the pair in the area above the level of 1.2450.
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