Technical analysis of EUR/USD 02-01-2018

The currency pair EUR/USD continues its movement within the rising channel. At the moment, after testing the lower border of the channel at 1.2386, it is likely to continue the growth of the European currency to the intermediate target in the region of 1.25 and further above the level of 1.26.

In favor of growth, there is a rebound from the support line on the RSI indicator. Cancellation of the growth option will be a breakdown at the level of 1.2330, which will indicate the price outflow beyond the lower boundary of the ascending channel and MA200.

EURUSD_STPH1

 

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