Currency pair Euro/Dollar EUR/USD continues to move in the framework of decline. At the time of the publication of the forecast, the euro/dollar rate is 1.1318. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.1345. Further, the continuation of the fall of the currency pair Euro/Dollar. The potential target of such a movement is the area below the level 1.1155.
EUR/USD Forecast Euro Dollar February 19, 2019
In favor of reducing the EUR/USD quotes, a test of the bearish trend line on the relative strength index (RSI) will come out. The second signal will be a rebound from the upper boundary of the bearish channel. Cancellation of the option of falling quotes Euro/Dollar will be a strong growth and the breakdown level of 1.1385. This will indicate a breakdown of the resistance area and continued growth in the area at 1.1455. Expect confirmation of a fall on the EUR/USD pair with the breakdown of the support area and closing below 1.1235.
EUR/USD Forecast Euro Dollar February 19, 2019 implies an attempt to test the resistance area near the level of 1.1345. Where should we expect a rebound and an attempt to continue to reduce the pair to the area below the level of 1.1155. 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 1.1385. This will indicate a breakdown of resistance and continued growth of the pair in the area above the level of 1.1455.