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 1.1554. At this point, we should expect a test of the resistance level near the area of 1.1605, where we can expect a rebound and the continuation of the fall of the Euro/Dollar with a potential target below the level of 1.1445.
EUR/USD forecast & technical analysis September 5, 2018
In favor of falling quotations EUR/USD will test the resistance line on the indicator of relative strength index (RSI). The cancellation of the variant of the Euro/Dollar price decrease will result in a strong growth and breakdown at the level of 1.1635, which will indicate the breakdown of the resistance area and the continued growth in the region at the level of 1.1740. 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 1.1515.
EUR/USD forecast & technical analysis September 5, 2018 suggests an attempt to test the resistance area near the level of 1.1605, from which one should expect a rebound and an attempt to continue the fall of the pair into the area below the level of 1.1445, in favor of the decline will test the trend line on the indicator of relative strength index (RSI), variant of EUR/USD fall will be strong growth and breakdown at level 1.1635, which will indicate the breakdown of the resistance area and the continued growth of the pair in the area above the level of 1.1740.
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