Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.1692 and continues to move in the fall. At the moment, we should expect an attempt to test the resistance area near the level of 1.1950 and the continuation of the fall of the euro dollar in the area below 1.1300.
EUR/USD weekly forecast May 28 — June 1, 2018
In favor of the fall of EUR/USD, a downlink test will be performed on the relative strength index (RSI), as well as a test of the upper boundary of the bearish channel. The cancellation of the fall of the pair’s quotations in the current trading week will be a strong growth and breakdown at the level of 1.2090, which will indicate the breakdown of the channel’s borders and the continuation of the pair’s growth into the area above the level of 1.2450.
EUR/USD weekly forecast May 28 — June 1, 2018 suggests an attempt to increase in the resistance area near the level of 1.1950, where we can expect the pair to continue falling below 1.1300, in favor of the fall, the trend line test on the indicator of relative strength index (RSI), the cancellation of the fall of the euro/dollar will be a strong growth and breakdown at the level of 1.2090, in which case we should expect the pair to continue growing with a potential target at 1.2450.a
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