The currency pair Euro Dollar EUR/USD continues to move within the descending channel. At this point, we should expect a tight test of the upper limit of the bearish channel near the level of 1.1615 and the continuation of the fall below the level of 1.1420.
EUR/USD prediction & technical analysis on November 10, 2017
In favor of falling quotations EUR/USD will test the resistance line on the indicator of relative strength index (RSI). Cancellation of the variant of falling quotations of the euro dollar on Forex will be strong growth and breakdown of the resistance level with the closing above 1.1670, which will indicate the continued growth of the pair Euro/Dollar. Expect to accelerate the fall of the pair is with the breakdown of the local minimum level and closing below 1.1540.
EUR/USD prediction & technical analysis on November 10, 2017 involves an attempt to test the upper border of the channel near 1.1615, from which it is expected to continue falling below 1.1420, an additional signal in favor of the EUR/USD decline will be a test of the resistance line on the indicator of relative strength index (RSI), the variant of the fall of the EUR/USD pair will be the breakdown of the resistance level and the closing above 1.1670, which will indicate the outflow of quotations for the limits of the channel and the continued growth of the euro exchange rate.
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