The currency pair Euro to US Dollar EUR/USD continues to be traded within the framework of the rising channel. At the moment, we should expect an attempt to rebound and fall into the area below the level of 1.1820.
EUR/USD forecast & analysis Euro Dollar on September 7, 2017
Where again we should expect a rebound and growth of quotations of the euro dollar for the purpose above the area of 1.1970. In favor of reducing the pair is the resistance line test on the relative strength indicator (RSI). Cancellation of the variant of the fall in the quotes of the euro/dollar on Forex will be a strong growth and breakdown at the level of 1.2020, which will indicate the continuation of 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 lower boundary of the rising channel and the closing below the area of 1.1750.
Among the important news from Europe and America which can have a strong impact on the EUR/USD pair’s rate, it is worth highlighting: Publication of the ECB’s decision on the basic interest rate, ECB Press Conference, The number of initial applications for unemployment benefits.
EUR/USD forecast & analysis Euro Dollar on September 7, 2017 suggests an attempt to fall to the area of the lower border of the rising channel near the area of 1.1820, the breakdown of the breakout of 1.2020 will come, in this case it is expected to continue growth above the level of 1.2150.