EUR/USD forecast & technical analysis February 13, 2018

The currency pair Euro Dollar EUR/USD continues to move within the correction. At the moment, we should expect a test of the resistance level near the area of ​​1.2345, where again we should expect an attempt to rebound and continue the fall of the euro dollar with a target below the level of 1.2165. In favor of falling quotations EUR/USD will test the resistance line on the indicator of relative strength index (RSI).

EUR/USD forecast & technical analysis February 13, 2018  - SIGNAL SELL.

Cancellation of the variant of the Euro/Dollar price decline will be a breakdown at the level of 1.2410, which will indicate the breakdown of the upper border of the channel and the continued growth of the Euro/Dollar above the level of 1.2600. To expect confirmation of the fall of the pair is with the breakdown of the support level and the closing of quotations below 1.2230.

EUR/USD forecast & technical analysis February 13, 2018 suggests an attempt to test the resistance level near the area of ​​1.2345, where we expect a rebound and an attempt to continue the fall of the pair to below 1.2165, the cancellation of the EUR/USD fall will be a breakdown at level 1.2410, continued growth of the pair in the area above the level of 1.2600.