The currency pair EUR/USD continues to trade as part of the growth. At the moment, we should expect an attempt to test the level of 1.2050 and start falling below the level of 1.1650 as part of the development of the «Head and Shoulders» reversal model.
EUR/USD forecast Euro Dollar on September 20, 2017
In favor of falling quotations EUR/USD will test the bearish resistance line on the indicator of relative strength index (RSI). Cancellation of the variant of falling quotations of the euro/dollar for Forex will be a strong growth and breakdown at the level of 1.2110, which will indicate the continuation of growth in the area above the level of 1.22. Expect to accelerate the fall of the pair EUR/USD is at the level breakdown at 1.1830.
Among the important news from Europe and America that can influence the rate of the EUR/USD pair, it is worth highlighting: the FOMC decision on the basic interest rate, the FOMC Accompanying Statement, the FOMC Press Conference.
EUR/USD forecast Euro Dollar on September 20, 2017 on the rate involves an attempt to test the level of 1.2050 and the beginning of the fall below the level of 1.1650, an additional signal in favor of the fall will test the trend line on the indicator of relative strength index (RSI), the cancellation of the decline in the euro/dollar will break through the level of 1.2105.
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