Technical analysis of EUR/USD 09/11/2018

The EUR/USD currency pair continues to move within the framework of the formation of the Triangle model. At the moment, one should expect an attempt to test the resistance level near 1.1630, where it is expected to break the level of the upper boundary with the potential target of 1.1730 within the framework of the model development.

In favor of the growth of EUR/USD quotes will break the resistance line on the RSI indicator. Cancellation of the growth of quotes will be a breakdown of the support level 1.1530, what indicates the breakdown of the lower boundary of the model.

Among the important news from Europe and America, which can influence the rate of  EUR/USD pair, it is worth mentioning: Producer Price Index.

EURUSD_STPH4

Created by Joshua Hayn

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