EUR/USD weekly forecast & analysis October 22 — 26, 2018

 

Currency pair Euro Dollar EUR/USD ends the trading week near the 1.1463 area and continues to move in line with the decline. At the moment, we should expect an attempt to test the support area near the level of 1.1380. Where is the expected rebound and the continuation of the growth of the euro/dollar with a potential target above the level of 1.1720.

A breakdown of the level of 1.1230, which will indicate a breakdown of the support area and the continuation of the fall of the pair to the area below the level of 1.0750. With a breakdown of the downward trend line and closing of quotes above the level of 1.1550, we should expect confirmation of the development of the upward trend in the pair.

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