Technical Analysis EUR USD 01-30-2018

The EUR/USD currency pair continues to move within the upward channel on the 1D timeframe. At this point, we should expect an attempt to test the lower boundary of the channel in the region of 1.2150.
After that, the growth of the European currency is likely to continue above the level of 1.2530. In favor of the growth of the pair will perform a test of the support line on the indicator RSI. Cancellation of the growth option will be a fall and breakdown at 1.21.

Among the important news from America and Europe on this trading week that can influence the EUR/USD rate is the following: Consumer confidence indicator, FOMC decision on the basic interest rate January 31, 2018, ISM production index, Change in the number of non-farm workers (Non -Farm Payrolls) on February 2, 2018.


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