The currency pair Euro Dollar EUR/USD continues to move within the framework of the bullish channel. At the moment, it is expected to correct the pair in the region of the lower border of the channel near the area of 1.2230, where again we should expect a rebound and continue the growth of the euro dollar with a target above 1.2650.
EUR/USD forecast & technical analysis January 30, 2018
In favor of EUR/USD quotes growth, the trend line test will be performed on the indicator of relative strength index (RSI). Cancellation of the variant of the Euro/Dollar quotations growth will be breakdown at the level of 1.2270, which will indicate the breakdown of the support level and the continuation of the decline of the Euro/Dollar below the level of 1.2170.
EUR/USD forecast & technical analysis January 30, 2018 suggests an attempt to test the lower border of the channel near the area of 1.2330, from which we expect a rebound and an attempt to continue the pair’s growth to the area above 1.2650, the cancellation of the EUR/USD growth option will be a 1.2270 breakdown, which will indicate on the continuation of the fall of the pair into the area below the level of 1.2170.
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