The currency pair EUR/USD continues to be traded within the framework of the rising channel. At the moment, we should expect an attempt to test the level of 1.1875 and continue the growth above the level of 1.21 as part of the development of the reversal model «Head and Shoulders».
EUR/USD forecast Euro Dollar on September 19, 2017
In favor of the growth of quotations EUR/USD will break the resistance line on the indicator of relative strength index (RSI). Cancellation of the variant of the growth of quotations of the euro dollar for Forex will be a drop and breakdown at the level of 1.1800, which will indicate the continuation of the decline in the area below the level of 1.1680. Expect to accelerate the growth of the pair is with the breakdown of the level of 1.20.
Among the important news from Europe and America, which can influence the rate of the EUR/USD pair, it is worth highlighting: The volume of issued construction permits.
EUR/USD forecast Euro Dollar on September 19, 2017 assumes a test of the level of 1.1875 and the continuation of growth above 1.21, an additional signal in favor of growth will break the trend line on the indicator of relative strength index (RSI), the cancellation of the growth of the euro/dollar will break through the area 1.18.
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