Currency pair Euro Dollar EUR/USD continues its movement within the framework of correction and start of the «Triangle» model development. At the time of publication of the forecast, the Euro to the US Dollar rate is 1.1737. At the moment, we should expect an attempt to test the support level near the area of 1.1695, where we should expect the rebound and the continued growth of the Euro/Dollar with a potential target above the level of 1.1900.
EUR/USD forecast Euro Dollar September 25, 2018
In favor of EUR/USD quotes growth, a support line test will be performed on the relative strength index (RSI), as well as rebound from the lower border of the bullish channel. The cancellation of the growth of the Euro/Dollar quotes will result in a drop and breakdown at the level of 1.1645, which will indicate the breakdown of the lower border of the channel and the continuation of the decline to the area at the level of 1.1490. To expect confirmation of the development of the upward trend for the pair EUR/USD is with the breakdown of the resistance area and the closing above the level of 1.1790.
EUR/USD forecast Euro Dollar September 25, 2018 suggests a test of the support area near the level of 1.1695, where we expect a rebound and an attempt to continue the pair’s growth to the level above the level of 1.1900, in favor of growth will test the trend line on the indicator of relative strength index (RSI), variant of EUR/USD growth will be a drop and breakdown at level 1.1645, which will indicate the breakdown of support and continuation of the fall of the pair into the area below the level of 1.1490.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
