EUR/USD Forecast Euro Dollar September 11, 2019


Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the bearish channel. Moving averages indicate a short-term bearish trend for the pair, which is still quite strong. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1043. At the moment, we should expect an attempt to grow and test the resistance level near the area of ​​1.1095. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential target of this movement is the area below the level of 1.0855.

EUR/USD Forecast Euro Dollar September 11, 2019

An additional signal in favor of reducing the EUR/USD quotes will be a rebound from a downtrend on the relative strength index (RSI). The second signal will be a test of the upper boundary of the downward channel. Cancellation of the option to reduce the quotes of the Euro/Dollar currency pair will be a strong growth and the breakdown level of 1.1175. This will indicate a breakdown of the resistance area and continued growth in the area at the level of 1.1295. Expect confirmation of a fall in the EUR/USD pair with a breakdown of the support area and closing below 1.0975.

EUR/USD Forecast Euro Dollar September 11, 2019

EUR/USD Forecast Euro Dollar September 11, 2019 implies an attempt to correct and test the resistance area near the level of 1.1095. Where can we expect a rebound and an attempt to continue the fall of the pair in the area below the level of 1.0855. In favor of reducing the currency pair, a test of a downward trend line on the relative strength index (RSI) will come out. Cancellation of the option of falling EUR/USD will be a strong growth and the breakdown level of 1.1175. This will indicate a breakdown of resistance and continued growth of the pair in the area above the level of 1.1295.


Join our Telegram Channel

Post Comment