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 continue falling to the lower boundary of the channel near the level of 1.1850. Whence again we should expect a rebound and the continuation of the growth of quotations of the euro/dollar for the target above the area of 1.1950.
EUR/USD forecast & analysis Euro Dollar on September 13, 2017
In favor of reducing the pair is the breakdown of the support 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 bullish channel and closing below the support area 1.1770, which indicates the completion of the pair’s growth and the resumption of a bearish trend with a potential target near the level of 1.12.
Among the important news from Europe and America, which can influence the rate of the EUR/USD pair, it is worth mentioning: Producer Price Index.
EUR/USD forecast & analysis Euro Dollar on September 13, 2017 suggests an attempt to continue to drop the uplink bottom border region near 1.1850, additional signal serves breakdown trend line on the relative strength index (RSI).