The currency pair Euro to US Dollar 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. Whence again we should expect the continuation of the growth of quotations of the euro/dollar for the target above the area of 1.1970.
EUR/USD forecast & analysis Euro Dollar on September 8, 2017
In favor of reducing the pair is the resistance line test on the relative strength indicator. The cancellation of the variant of falling quotations of the euro/dollar for Forex will be a strong growth and breakdown at the level of 1.21, 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 bullish channel and the closing below the area of 1.1750, which indicates the completion of the growth of the pair.
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 EUR/USD.
EUR/USD forecast & analysis Euro Dollar on September 8, 2017 involves an attempt to fall to the lower boundary of the bullish channel near the area of 1.1850, where again we should expect the continuation of the euro’s growth.