The currency pair Euro Dollar EUR/USD continues to move within the framework of the bullish channel. At this point, we should expect an attempt to test the lower border of the channel near the level of 1.1830 and continue the growth of the euro/dollar with a target at above 1.2085.
EUR/USD forecast & technical analysis on December 5, 2017
In favor of the growth of EUR/USD quotations, a test of the support line will be made on the indicator of relative strength index (RSI). The cancellation of the variant of the Euro/Dollar price growth will be a breakdown at the level of 1.1780, which will indicate the breakdown of the lower border of the channel and the continuation of the fall of the Euro/Dollar pair below the level of 1.1610. Expect to accelerate the growth of the pair is with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 1.1950.
EUR/USD forecast & technical analysis on December 5, 2017 suggests an attempt to test the lower border of the channel near 1.1830, from where it is expected to continue growth to the area above 1.2085, in favor of growth will test the trend line on the indicator of relative strength index (RSI), canceling the growth option EUR/USD there will be a breakdown at the level of 1.1780, which will indicate the continuation of the decline.
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