I am predicting that the EUR/USD pair will be around the 1.04650 range on January 2nd of 2017. I have came to this conclusion after analyzing this pair using the RSI and Stochastic indicators , along with the recent pivots of resistance and support levels.

We can clearly notice a side-way channel in progression from viewing the monthly chart of this pair. While from the weekly chart we can greatly anticipate for a downwards channel's formation.

Nonetheless, the Stochastic indicator from the weekly chart is signaling towards a price drop and on the monthly chart, we can clearly see a confirmation for the continuation of a downwards pattern.




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