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 1.1580, where we can expect an attempt to rebound and continue the fall of the Euro/Dollar with a target below 1.1435.
EUR/USD forecast & technical analysis June 29, 2018
In favor of falling quotations EUR/USD will come the test of the downward trend line on the indicator of relative strength index (RSI), as well as the test of the lower border of the ascending channel. The cancellation of the variant of the Euro/Dollar price decline will result in a strong growth and breakdown at the level of 1.1645, which will indicate the continuation of growth above the 1.1750 area. To expect confirmation of the pair’s decline is with the breakdown of the support area and closing below the level of 1.1500.
EUR/USD forecast & technical analysis June 29, 2018 suggests a test of the resistance area near the level of 1.1580, where we expect a rebound and an attempt to continue the fall of the pair into the area below the level of 1.1435, 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 1.1645, indicating that the pair will continue to grow above 1.1750.
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