EURUSD insight technical analysis for November 17, 2017
- EUR is trading at 1.1801 against the USD, 0.25% higher
- expect a test of the level of 1.1825 and continue falling
- UR/USD is the test of the support line on the indicator of relative strength
Eurozone’s seasonally adjusted current account surplus expanded in September.
CURRENCY TRADERS EURUSD insight technical analysis The currency pair Euro Dollar EUR/USD continues to move within the framework of a downward correction. At this point, we should expect a test of the level of 1.1825 and continue falling to the lower boundary at the level of 1.1710. In favor of the growth of quotations, EUR/USD is the test of the support line on the indicator of relative strength index (RSI).
The cancellation of the variant of falling quotations of the euro-dollar to the lower border will be a strong growth and breakdown at the level of 1.1880, which will indicate the continued growth of the pair Euro/Dollar above the level of 1.1980. Expect to accelerate the fall of the pair is the breakdown of the level of 1.1750.
nvolves a test of the level of 1.1825 and the continuation of the fall to the bottom of the bullish channel near the 1.1710 area, the cancellation of the fall of the EUR/USD pair will be a breakthrough at level 1.1880.
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