Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.2233. At the moment, we should expect an attempt to test the level of 1.2350 and fall to the lower limit of the channel near the level of 1.1980. Where again we can expect the continuation of growth.
EUR/USD weekly forecast on February 12 — 16, 2018
In favor of the fall of EUR/USD, a resistance line test will be performed on the indicator of relative strength index (RSI). 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 1.2550, indicating that the pair will continue to grow above 1.2950.
EUR/USD weekly forecast on February 12 — 16, 2018 suggests an attempt to fall to the lower border of the channel near the level of 1.1980, in favor of the decline will test the trendline test on the indicator of relative strength index (RSI), the abolition of the euro’s fall variant will be strong growth and breakdown at 1.2550 level, in this case, we should expect the pair to continue growing.
SUMMARY : SELL