The currency pair Euro Dollar EUR/USD continues to move within the framework of strong growth. At this point, we should expect an attempt to form a reversal model «Head and Shoulders» with the test level 1.1820. Where can we expect the continuation of the fall with a target below the level of 1.1710. In favor of the EUR/USD rebound, the support line test will be performed on the relative strength indicator (RSI).
EUR/USD prediction & technical analysis on November 16, 2017
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 1.1880, which will indicate the continued growth of the pair Euro/Dollar above the level of 1.1980. Expect to accelerate the fall of the pair is with the breakdown of the level of the neckline and closing below 1.1780.
EUR/USD prediction & technical analysis on November 16, 2017 involves a test of the level of 1.1820 as part of the completion of the «Head and Shoulders» reversal pattern, from which it is expected to continue the fall of the pair with a target below 1.1710, the cancellation of the pair EUR/USD breakdown at the level of 1.1880.
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