Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the ”Triangle” model. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the European currency and a potential continuation of the fall in the asset quotes from the current levels. At the time of the publication of the forecast, the Euro/US dollar rate is 1.1730. As part of the Forex forecast for September 22, 2021, we should expect an attempt to develop a slight fall in prices and a test of the support level, which is located on the pair near the 1.1695 area. Further, a rebound upward and the beginning of the rise of the Euro/Dollar currency pair. The potential target of such a movement on FOREX is the area above the level of 1.1835.
EUR/USD Forecast Euro Dollar September 22, 2021
An additional signal in favor of the growth of the EUR/USD quotes will be a rebound from the lower border of the ”Triangle” model. The second signal will be a rebound from the bullish trend line on the relative strength index (RSI). Cancellation of the growth option for the quotes of the Euro/Dollar currency pair will be a fall and a breakdown of the level of 1.1625. This will indicate a breakdown of the lower border of the ”Triangle” model and a continuation of the fall into the area at the level of 1.1455. It is worth waiting for confirmation of a rise in the EUR/USD currency pair with the breakdown of the resistance level and closing the price above the level of 1.1895, which will indicate a breakdown of the upper border of the descending channel.
Among the important news from Europe and the United States that may have an impact on the EUR/USD pair, it is worth highlighting: United States Existing Home Sales, EIA United States Crude Oil Stocks Change, Federal Reserve System (Fed) Interest Rate Decision, Federal Open Market Committee (FOMC) Press Conference.
EUR/USD Forecast Euro Dollar September 22, 2021 assumes the development of a correction and a test of the support area near the level of 1.1695. Where can we expect a rebound and an attempt to increase the fall of the pair to an area above the level of 1.1835. A test of the trend line on the relative strength index (RSI) will be in favor of raising the currency pair. Cancellation of the growth option for the EUR/USD pair will be a fall in quotations and a breakdown of the level of 1.1625. This will indicate a breakdown of the support area and the continuation of the fall of the currency pair on Forex to the area below the level of 1.1455.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
