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EUR/USD prediction & technical analysis on October 13, 2017

EUR/USD prediction & technical analysis on October 13, 2017


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The currency pair Euro Dollar EUR/USD continues to move within the framework of growth. At this point, we should expect the continuation of the development of the bullish correction for the euro in the area above the level of 1.19. Where again we should expect a rebound and a decline in the euro dollar below the level of 1.1650 within the beginning of the development of the «Head and Shoulders» reversal model.

EUR/USD prediction & technical analysis on October 13, 2017

In favor of the growth of quotations EUR/USD is a breakdown of the downward trend line on the indicator of relative strength index (RSI). Cancellation of the variant of falling quotations of the euro/dollar on Forex will be strong growth and breakdown at the level of 1.21, which will indicate the continued growth of the pair.

EUR/USD prediction & technical analysis on October 13, 2017 suggests an attempt to continue growth in the area above the level of 1.19, where we can expect a rebound and fall of the pair below the 1.1650 area within the beginning of the development of the «Head and Shoulders» reversal model, the abolition of the EUR/USD pair there will be a breakdown at the level of 1.21, which indicates the continued growth.

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