Currency pair Euro Dollar EUR/USD continues to move within the framework of growth. At the time of publication of the forecast, the Euro to the US Dollar rate is 1.1763. At the moment, we should expect a test of the support level near the area of 1.1715, where we can expect the rebound and the continued growth of the Euro/Dollar with a potential target above the level of 1.1895.
EUR/USD forecast Euro Dollar September 27, 2018
In favor of EUR/USD quotes growth, a support line test will be performed on the relative strength indicator, as well as rebound from the lower border of the bullish channel. The cancellation of the growth of the Euro/Dollar quotations will result in a drop and breakdown at the level of 1.1675, which will indicate the breakdown of the lower boundary of the channel and the continuation of the decline to the area at the level of 1.1570. To expect confirmation of the development of the bullish trend for the pair EUR/USD stands with the breakdown of the resistance area and the closing above the level of 1.1815.
EUR/USD forecast Euro Dollar September 27, 2018 suggests an attempt to test the support area near the level of 1.1715, from which one should expect a rebound and an attempt to continue the pair’s growth into the area above the level of 1.1895, in favor of growth, the trend line test on the indicator of relative strength index (RSI).
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