Currency pair EUR/USD Euro to US Dollar is trading at 1.0008 and continues to move within the correction and the bullish channel. The EUR/USD pair is moving above the upper border of the Cloud of the Ichimoku Kinko Hyo indicator. This indicates the presence of a bullish trend in the financial instrument. As part of the forecast for the Euro against the US Dollar on September 15, 2022. An attempt to continue the development of correction is expected and a test of the area of the lower hail of the Cloud of the Ichimoku Kinko Hyo indicator near the level of 0.9985. Where should we expect an attempt to bounce up and continue the growth of the EUR/USD pair with a potential target at the level of 1.0305.
Euro Dollar Forecast EUR/USD September 15, 2022
An additional signal in favor of the growth of the EUR/USD currency pair on FOREX will be a test of the support area on the price chart. The second signal will be a rebound from the lower border of the bullish channel. Earlier, a weak signal was received for buying the Euro/Dollar pair. The signal was formed due to the crossing of the signal lines at the level of 0.9945. The nearest resistance area for the Euro/Dollar pair is at 1.0205. The nearest support area for the EUR/USD pair is located near the 0.9955 area.
Cancellation of the growth option for EUR/USD quotes on Forex will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with quotes closing below the 0.9915 area. This option will indicate a change in the bullish trend in favor of the bearish trend and the continued fall of the Euro against the US Dollar on Forex. It is worth expecting an acceleration in the growth of EUR/USD with a breakdown of the resistance area and closing the price above the level of 1.0105.
Euro Dollar Forecast EUR/USD September 15, 2022 suggests an attempt to test the support level near the area of 0.9985. Where should we expect the continuation of the growth of the currency pair with a potential target near the level of 1.0305. Cancellation of the pair’s rise option will be a breakdown of the 0.9915 area. This will indicate a continued decline in the Euro against the US Dollar with a potential target below 0.9735.