The currency pair Euro to US Dollar EUR/USD continues to trade within the framework of the bullish momentum. At this time, we should expect an attempt to rebound and fall of quotations of the euro dollar in the area below the level of 1.1640. growth in the area above the level of 1.1880.
EUR/USD forecast & analysis Euro Dollar on August 29, 2017
In favor of the decrease is the test of the resistance line on the indicator of relative strength index (RSI). Cancellation of the variant of falling quotations of the euro/dollar for Forex will be breakdown at the level of 1.20, which will indicate the continued growth of the pair with a potential target above the level of 1.2150. Expect to accelerate the fall of quotations is with the breakdown of the lower boundary of the bullish channel.
Among the important news from Europe and America, which can affect the exchange rate of the euro/dollar should be highlighted: Indicator of consumer confidence.
EUR/USD forecast & analysis Euro Dollar on August 29, 2017 involves a drop attempt from the current levels with a potential downside target near the 1.1640 area, an additional signal is the trend line test on the relative strength indicator (RSI), the breakdown will be breakdown at 1.2150 level.
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