The currency pair Euro Dollar EUR/USD continues to move within the correction. At the moment, we should expect a resistance level test near the area of 1.1680, where we can expect an attempt to rebound and continue the fall of the Euro/Dollar with a target below 1.1420.
EUR/USD forecast & technical analysis June 27, 2018
In favor of falling quotations EUR/USD will test the bullish trend 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 1.1745, which will indicate the continued growth and the upper bound of the «Triangle» model near the area of 1.1850. To expect confirmation of the pair’s decline is with the breakdown of the support area and the closing below the level of 1.1610.
EUR/USD forecast & technical analysis June 27, 2018 suggests an attempt to test the resistance area near the level of 1.1680, from which we expect a rebound and an attempt to continue the fall of the pair into the area below the level of 1.1420, a strong signal in favor of the fall will test the trend line on the indicator of relative strength index (RSI), the cancellation of the EUR/USD fall will be a breakdown at the level of 1.1745, indicating that the pair will continue to grow above 1.1850.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
