Currency pair Euro Dollar EUR/USD closes the trading week near the area of 1.1795. At this point, we should expect a rebound attempt from the upper border of the channel and continue the decline to the area below 1.1550. Where again we should expect a rebound and growth of quotations above the level of 1.2050.
EUR/USD weekly forecast on November 20 — 24, 2017
In favor of EUR/USD growth, a support line test will be performed on the relative strength index (RSI). Cancellation of the growth option will be a drop and breakdown at the level of 1.1450, which will indicate the continuation of the fall of the pair in the area below the level of 1.1250. Expect to accelerate the growth of the Euro/Dollar on Forex is worth a breakdown of the level of 1.1900.
EUR/USD weekly forecast on November 20 — 24, 2017 involves an attempt to rebound from the upper border of the channel and continue the fall of the euro in the area below 1.1550, where we can expect the pair to continue to grow, the euro will be canceled at the level of 1.1450.
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