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 1.1750, where we can expect an attempt to rebound and continue the fall of the Euro/Dollar with a target below 1.1300 level.
EUR/USD forecast & technical analysis June 15, 2018
In favor of falling quotes EUR/USD will break down the uptrend line on the indicator of relative strength index (RSI). The cancellation of the variant of the Euro/Dollar price decline will result in a strong growth and breakdown at the level of 1.1850, which will indicate the breakdown of the upper limit of the bearish channel and the continued growth of the Euro/Dollar above the level of 1.1950. To expect confirmation of the continued decline of the pair is with the breakdown of the support area and closing below the level of 1.1600.
EUR/USD forecast & technical analysis June 15, 2018 suggests a test of the resistance area near the level of 1.1750, where we expect a rebound and an attempt to continue the fall of the pair in the area below the level of 1.1300, the cancellation of the EUR/USD fall will be a breakdown at the level of 1.1850, which will indicate to continue the growth of the pair in the area above the level of 1.1950.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
