The currency pair Euro to US Dollar EUR/USD continues to trade near the area of 1.19. At the moment, the pair is testing the support area, we should expect a rebound attempt to the area above the level of 1.1960. Where again we should expect a rebound and a fall in the pair’s quotes for the target below the area of 1.1800.
EUR/USD forecast & analysis Euro Dollar on September 5, 2017
In favor of reducing the pair will test the resistance line on the indicator of relative strength index (RSI). Cancellation of the variant of falling quotations of the euro/dollar on Forex will be a strong growth and breakdown at the level of 1.2080, 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 level of the lower boundary of the rising channel.
Important news from Europe and America, which can influence the rate of the EUR/USD, is not expected therefore the pair will continue to move within the technical analysis EUR/USD.
EUR/USD forecast & analysis Euro Dollar on September 5, 2017 involves a test of the level of 1.1960, from which it is expected to fall quotes of the pair, in favor of the euro will test the resistance line on the indicator of relative strength index (RSI), the cancellation will breakdown at 1.2080 level.
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