EUR/USD currency pair continues to move in the bearish trend. At the time of the publication of the forecast, the euro/dollar rate is 1.1270. At the moment, we can expect an attempt to grow and test the resistance level near the 1.1750 area. Further, the continuation of the fall of the currency pair Euro Dollar. A potential goal of such a movement is the area below the level of 0.9500.
EUR/USD forecast and analysis Euro Dollar for 2019
In favor of reducing the EUR/USD quotes, a test of a broken trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the option of falling quotes Euro Dollar in the framework of the EUR/USD forecast for 2019, will be a strong growth and the breakdown level of 1.3000. This will indicate a breakdown of the upper boundary of the channel and continued growth in the region at the level of 1.5000. Waiting for confirmation of a fall in the EUR/USD pair in 2019 stands with the breakdown of the lower boundary of the rising channel and closing below 1.0955.
EUR/USD forecast and analysis Euro Dollar for 2019 implies an attempt to test the resistance area near the level of 1750. Where can we expect a rebound and a further decline in the pair to an area below the level of 0.9500. In favor of the fall of the currency pair will test the trend line on the indicator of relative strength index (RSI). Cancellation of the option to reduce EUR/USD will be a strong growth and the breakdown level of 1.3000. This will indicate a breakdown of resistance and continued growth of the pair to an area above the level of 1.5000.
