EUR/USD Forecast Euro Dollar January 15, 2019


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 1.1479. At the moment, we should expect an attempt to decrease and test the support level near the 1.1415 area. Where can we expect a rebound and continued growth of the euro/dollar currency pair. A potential goal of such a movement is the area above the level of 1.1575.

EUR/USD Forecast Euro Dollar January 15, 2019

A test of the rising trend line on the relative strength index (RSI) will be in favor of raising the EUR/USD quotes. Cancellation of the growth rate of the euro/dollar quotes will fall and the breakdown level of 1.1355. This will indicate a breakdown of the lower boundary of the channel and a continuation of the decline in the region at the level of 1.1245. Expect confirmation of growth in the EUR/USD pair with the breakdown of the resistance area and closing above the 1.1510 area.

EUR/USD Forecast Euro Dollar January 15, 2019

Among the important news from Europe and America, which may have an impact on the EUR/USD pair, it is worth highlighting: The producer price index, the speech of the ECB President Mario Draghi.

EUR/USD Forecast Euro Dollar January 15, 2019 implies an attempt to test the support area near the level of 1.1415. Where can we expect a rebound and an attempt to continue the growth of the pair in the area above the level of 1.1575. In favor of growth will make a test trend line on the indicator of relative strength index (RSI). Cancellation of the growth option EUR/USD will be the fall and the breakdown level of 1.1355. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of the pair into the area below the level of 1.1245.


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