Currency pair Euro/Dollar EUR/USD continues to move in the ascending channel. At the time of the publication of the forecast, the euro/dollar rate is 1.1417. At the moment, we should expect an attempt to grow and test the resistance level near the 1.1445 area. 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 of 1.1175.
EUR/USD Forecast Euro Dollar January 29, 2019
In favor of reducing the EUR/USD quotes, the resistance line test on the relative strength index (RSI) will come out. Cancellation of the option of falling quotes Euro/Dollar will be a strong growth and the breakdown level of 1.1595. This will indicate a breakdown of the resistance level and continued growth in the region at the level of 1.1745. Expect confirmation of a fall in the EUR/USD pair with the breakdown of the lower boundary of the bullish channel and closing below 1.1275.
Among the important news from Europe and America, which may have an impact on the EUR/USD pair, it is worth highlighting: Consumer confidence indicator.
EUR/USD Forecast Euro Dollar January 29, 2019 implies an attempt to test the support area near the level of 1.1445. Where should we expect a rebound and an attempt to continue the growth of the pair in the area above the level of 1.1175. In favor of raising the currency pair will test the 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 1.1595. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of the pair in the area below the level of 1.1745.
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