Currency pair Euro/Dollar EUR/USD continues to move in the framework of decline. At the time of publication of the forecast, the euro/dollar rate is 1.1274. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.1335. Further, the continuation of the fall of the currency pair Euro/Dollar. The potential goal of such a movement is the area below the level 1.1165.
EUR/USD Forecast Euro Dollar February 13, 2019
In favor of reducing the EUR/USD quotes, a test of a broken trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the option of falling quotes Euro/Dollar will be a strong growth and the breakdown level of 1.1505. This will indicate a breakdown of the resistance area and continued growth in the area at 1.1655. Expect confirmation of a fall on the EUR/USD pair with the breakdown of the support area and closing below 1.1235.
Among the important news from Europe and America, which may have an impact on the course of the EUR/USD pair, it is worth highlighting: Consumer price index, Consumer price index excluding prices for food and energy.
EUR/USD Forecast Euro Dollar February 13, 2019 suggests an attempt to test the resistance area near the level of 1.1335. Where should we expect a rebound and an attempt to continue to reduce the pair to an area below 1.1165. In favor of the fall of the currency pair will test the trend line on the indicator of relative strength index (RSI). Cancellation of the option to reduce EUR/USD will be a strong growth and the breakdown level of 1.1505. This will indicate a breakdown of resistance and the continued growth of the pair to an area above 1.1655.