The currency pair EUR/USD continues to move in line with expectations and our EUR/USD forecast. At the moment, we should expect to try the test level 1.1940 and continue the fall with the target near the level of 1.1670 as part of the development of the «Head and Shoulders» reversal model.
EUR/USD prediction & technical analysis on September 22, 2017
In favor of falling quotations EUR/USD will test the downward 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 growth and breakdown at the level of 1.2050, which will indicate the cancellation of the reversal pattern and the continuation of growth in 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 that can influence the rate of the EUR/USD pair, it is worth highlighting: The ECB President’s speech.
EUR/USD prediction & technical analysis on September 22, 2017 assumes an attempt to test the level of 1.1940 and continue falling to the area below the level of 1.1670, an additional signal in favor of the fall of the euro is the resistance line test on the relative strength indicator (RSI), breakdown at the level of 1.2050.
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