Technical analysis of GBP/USD 10/24/2018
The EUR/USD currency pair continues to move in the downward trend. At the moment, we should expect an attempt to test the upper limit of the channel and (MA 200) near the level of 1.1800. From this level we should expect a rebound and the continuation of the fall of the European currency below 1.1670.
In favor of the fall of the EUR/USD quotes, a test of the downward resistance line on the RSI indicator will come out. Cancellation of the fall option will be a strong growth and a breakdown of the level of 1.1850, which will indicate a breakdown of the upper boundary of the channel.
Among the important news from Europe and America that may affect the rate of the EUR/USD pair, it is worth highlighting: Change in the volume of orders for durable goods.
Created by Joshua Hayn