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.
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.