Currency pair Euro Dollar EUR/USD closes the trading week near the area of 1.1975. The pair continues to trade in the upward movement. At this point, we should expect a test of the upper bound of the Triangle model and the beginning of the fall with a target at the level of 1.1650. In favor of the fall of EUR/USD is the breakdown of the upward support line on the indicator of relative strength index (RSI).
EUR/USD weekly forecast on September 25 — 29, 2017
Cancellation of the fall variant will be a strong growth and breakdown at the level of 1.2150, which will indicate the exit of quotations outside the «Triangle» model and the continued growth of the pair in the area above the level of 1.25. Expect to accelerate the fall of the Euro/Dollar on Forex is worth a breakdown at the level of 1.1840.
Among the important news from America and Europe in the next trading week that can influence the EUR/USD rate is: Consumer confidence indicator, Change in the volume of orders for long-term goods, Number of initial applications for unemployment benefits.
EUR/USD weekly forecast on September 25 — 29, 2017 suggests an attempt of the fall of the pair in the area of 1.1650, in favor of the fall comes the breakdown of the upward trendline on the indicator of relative strength index (RSI), the cancellation of the variant of the fall of the euro dollar will become a strong growth and breakdown of the region of 1.2150, which will indicate to continue the growth of EUR/USD on Forex.
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