The currency pair Euro to US Dollar EUR/USD continues to be traded within the descending channel. At this point, we should expect a rebound from the upper border of the channel near the level of 1.1780, and continue the decline in the area below 1.1620.
EUR/USD forecast & analysis Euro Dollar on August 22, 2017
In favor of continuing the decline in the euro, the dollar will test the downward resistance line on the indicator of relative strength index (RSI). Cancellation of the variant of falling of quotations of euro the dollar will breakdown at the level of 1.1830 and the closing above the upper border of the channel, which will indicate the continued growth of the pair with a potential target above the level of 1.19. Expect to accelerate the fall of quotations is with the breakdown of the level of 1.1600.
Important news from Europe and America is not expected, so the pair will continue to move within the technical analysis EUR/USD.
EUR/USD forecast & analysis Euro Dollar on August 22, 2017 involves a rebound attempt from the upper boundary of the channel with a potential fall in the level of 1.1620, the breakdown will be the breakdown of the area 1.1830.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
