Currency pair Euro Dollar EUR/USD continues to move within the limits of the decline. At the time of publication of the forecast, the Euro to the US Dollar rate is 1.1376. At the moment, we should expect an attempt to test the resistance level near the area of 1.1445, where we can expect an attempt to rebound and continue the decline of the Euro/Dollar with a target below the level of 1.1250.
EUR/USD forecast & technical analysis August 14, 2018
In favor of falling quotes EUR/USD will perform a downtrend test on the indicator of relative strength index (RSI), as well as a test of the upper boundary of the bearish channel. The cancellation of the variant of the Euro/Dollar price decrease will result in a strong growth and breakdown at the level of 1.1510, which will indicate the breakdown of the resistance area and the continued growth in the area at the level of 1.1610. 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 1.1340.
EUR/USD forecast & technical analysis August 14, 2018 suggests a test of the resistance area near the level of 1.1445, from which one should expect a rebound and an attempt to continue falling of the pair into the area below the level of 1.1250, in favor of the drop, the trend line test on the indicator of relative strength index (RSI), variant of EUR/USD fall will be strong growth and breakdown at level 1.1510, which will indicate the breakdown of the resistance area and the continued growth of the pair in the area above the level of 1.1610.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
