The currency pair EUR/USD continues to move within the framework of the formation of the «Triangle» model. At this point, we should expect an attempt to rebound from the bottom of the model and the growth of quotations of the euro/dollar in the area above the level of 1.1980.
EUR/USD prediction & technical analysis on September 26, 2017
In favor of the growth of quotations EUR/USD is the test of the rising resistance line on the indicator of relative strength index (RSI). Cancellation of the variant of growth of quotations of the euro dollar for Forex will be a drop and breakdown at the level of 1.1820, which indicates the breakdown of the lower boundary of the Triangle model and the continuation of the decline with the target below the level of 1.1650. Expect to accelerate the growth of the pair EUR/USD is at breakdown level 1.2040.
Among the important news from Europe and America, which can influence the rate of the EUR/USD pair, it is worth highlighting: Consumer confidence indicator, Speech by the head of the Federal Reserve.
EUR/USD prediction & technical analysis on September 26, 2017 involves an attempt to grow and test the level of 1.1980, in favor of the growth of the euro the support line on the indicator of relative strength index (RSI) is favored, the pair’s growth is canceled and the breakdown at level 1.1820 is canceled.