The currency pair EUR/USD continues to move within the framework of 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. In favor of falling quotations EUR/USD is a test of the bearish trendline of resistance on the indicator of relative strength index (RSI).
EUR/USD forecast Euro Dollar on September 21, 2017
The cancellation of the variant of the fall in the quotes of the euro/dollar for Forex will be a strong growth and breakdown at the level of 1.2110, which will indicate the cancellation of the reversal pattern and the continuation of growth to the area above the level of 1.22. Expect to accelerate the fall of the pair EUR/USD is with the break of the level of the line of the neck and the closing below the area of 1.1830.
Among the important news from Europe and America, which can influence the rate of the EUR/USD pair, it is worth highlighting: The number of initial applications for unemployment benefits.
EUR/USD forecast Euro Dollar on September 21, 2017 involves an attempt to test the level of 1.2050 and the beginning of the fall in the area below the level of 1.1650, an additional signal in favor of the fall of the euro is the resistance line test on the indicator of relative strength index (RSI), the cancellation of the euro decline option, level 1.2110.