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 1.1343. At the moment, we should expect an attempt to reduce and test the support level near the 1.1295 area. Further, the continuation of the growth of the currency pair Euro/Dollar. A potential goal of such a movement is the area above the level of 1.1435.
EUR/USD Forecast Euro Dollar February 21, 2019
A test of the rising trend line on the relative strength index (RSI) will be in favor of raising the EUR/USD quotes. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the growth rate of the euro dollar quotes will fall and the breakdown level of 1.1275. This will indicate a breakdown of the support area and the continuation of a fall into the area at the level of 1.1195. Expect confirmation of the rise in the pair EUR/USD stands with the breakdown of the resistance area and closing above the level of 1.1365.
Among the important news from Europe and America that may affect the course of the EUR/USD pair, it is worth highlighting: Change in the volume of orders for durable goods.
EUR/USD Forecast Euro Dollar February 21, 2019 implies an attempt to test the support area near the level of 1.1295. Where can we expect a rebound and an attempt to continue the growth of the pair in the area above the level of 1.1435. In favor of the growth of the currency pair will test the trend line on the indicator of relative strength index (RSI). Cancellation of the option of raising EUR/USD will fall and the breakdown level of 1.1275. This will indicate a breakdown of support and a continuation of the decline in the pair to the area below the level of 1.1195.
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