The currency pair EUR/USD continues to move within the limits of the decline. At the moment, the pair has broken the lower boundary of the «Triangle» model. It is worth waiting for an attempt to test the resistance level near the area of 1.1860. Whence again it is necessary to expect the continuation of the fall of the quotations of the euro/dollar into the region below the level of 1.1670.
EUR/USD prediction & technical analysis on September 27, 2017
In favor of falling quotations EUR/USD will test the downward resistance line on the indicator of relative strength index (RSI). The cancellation of the variant of falling quotations of the euro/dollar on Forex will be strong growth and breakdown at the level of 1.1890, which will indicate the continued growth. Expect to accelerate the fall of the pair EUR/USD is at the breakdown of the level of 1.1750.
Among the important news from Europe and America, which can influence the rate of the EUR/USD pair, it is worth highlighting: Changes in the volume of orders for long-term goods.
EUR/USD prediction & technical analysis on September 27, 2017 suggests an attempt to test the resistance level near the level of 1.1860, from where it is expected to continue the decline with the target at the level of 1.1650, in favor of the fall of the euro the test of the trend line on the indicator of relative strength index (RSI) will perform.
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