Currency pair Euro Dollar EUR/USD closes the trading week near the area of 1.1732 and continues to move within the framework of the bullish correction. At the moment, we should expect an attempt to test the support area near the level of 1.1650 and the continued growth of the euro/dollar in the area above 1.2050.
EUR/USD weekly forecast June 11 — 15, 2018
In favor of the growth of EUR/USD, a downtrend test on the relative strength index (RSI) will perform. The cancellation of the variant of growth of quotations of the pair in the current trading week will be a drop and breakdown at the level of 1.1500, which will indicate the continuation of the fall of the pair in the area below the level of 1.10. In the vicinity of 1.2050, one should expect a correction of the pair and a continuation of the bearish trend.
EUR/USD weekly forecast June 11 — 15, 2018 suggests an attempt to fall into the support area near the level of 1.1650, where we can expect the pair to continue growing above 1.2050, in favor of growth, the trend line test on the indicator of relative strength index (RSI), variant of growth of the euro/dollar will fall and breakdown at the level of 1.1500, in this case it is expected to continue the fall of the pair with a potential target at the level of 1.10.