The currency pair EUR/USD continues to be traded within the framework of the bullish channel. At the moment, we should expect an attempt to fall into the region of the lower border of the channel near the level of 1.1850.
EUR/USD forecast & analysis Euro Dollar on September 12, 2017
Whence again it is necessary to expect the continuation of the growth of quotations of the euro/dollar for the target above the area of 1.1950. In favor of reducing the pair is a rebound from the bearish trend line on the indicator of relative strength index (RSI). Cancellation of the variant of falling quotations of the euro dollar on Forex will be strong growth and breakdown at the level of 1.21, which will indicate the continued growth of the pair with a potential target above 1.2150. Expect to accelerate the fall of the pair is with the breakdown of the bottom of the rising channel and the closing below the support area 1.1770, which indicates the completion of the pair’s growth and the resumption of the bearish trend.
Important news from Europe and America, which can influence the rate of the EUR/USD pair, is not expected therefore the pair will continue to move within the technical analysis of EUR/USD.
EUR/USD forecast & analysis Euro Dollar on September 12, 2017 suggests an attempt to fall into the region of the lower border of the bullish channel near the area of 1.1850, where again we should expect the euro to continue growing with the target near the area of 1.1950.
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