Currency pair Euro Dollar EUR/USD continues to move within the correction. At the time of publication of the forecast, the Euro to the US dollar rate is 1.1622. At this point, we should expect a test of the resistance level near the area of 1.1655, where we can expect a rebound and the continuation of the fall of the Euro/Dollar with a potential target below the level of 1.1455.
EUR/USD forecast Euro Dollar September 7, 2018
In favor of falling quotations EUR/USD will test the resistance line on the indicator of relative strength index (RSI). Canceling the option of lowering the quotes Euro/Dollar will be a strong growth and breakdown at the level of 1.1695, which will indicate the breakdown of the resistance area and continued growth in the area at 1.1755. To expect confirmation of the development of the bearish trend for the pair EUR/USD is with the breakdown of the support area and the closing below the level of 1.1565.
Among the important news from Europe and America, which can influence the rate of the EUR/USD pair, there are: Unemployment rate, Change in the number of employed in the non-agricultural sector.
EUR/USD forecast Euro Dollar September 7, 2018 suggests an attempt to test the resistance area near the level of 1.1655, from which we should expect a rebound and an attempt to continue the fall of the pair in the area below the level of 1.1455, in favor of the decline will test the trend line on the indicator of relative strength index (RSI), the EUR/USD fall will be strong growth and breakdown at the level of 1.1695, which will indicate the breakdown of the resistance area and the continued growth of the pair in the area above the level of 1.1755.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
