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EUR/USD prediction & technical analysis on October 3, 2017

EUR/USD prediction & technical analysis on October 3, 2017


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The currency pair EUR/USD continues to move within the limits of the decline. At the moment, we should expect a test of the support level near 1.1700. Where again we should expect an attempt to grow the pair in the area above 1.1900. In favor of the EUR/USD quotes growth, the «Head and Shoulders» reversal pattern appears on the relative strength indicator (RSI).

EUR/USD prediction & technical analysis on October 3, 2017

Cancellation of the variant of growth of quotations of the euro dollar for Forex will fall and breakdown at the level of 1.1620, which will indicate the continued fall of the pair. Expect to accelerate the growth of the pair is with the breakdown of the level of 1.1780.

Important news from Europe and America, which can influence the rate of the EUR/USD pair, is not expected, so the pair will continue to move in the technical analysis.

EUR/USD prediction & technical analysis on October 3, 2017 involves trying to test the level of support and continuing growth in the area above the level of 1.19, in favor of the growth of the euro dollar is the formation of a reversal model on the indicator of relative strength index (RSI), the abolition will breakdown at level 1.1620.

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