On Friday, the dollar dropping against the euro and the yen, the pressure is maintained by the US Fed’s decision not to tighten monetary policy in the country at the September meeting. According to the regulator projected rate of increase in the years 2017-2019 rates will be more gradual than previously expected. Against this, interest of market participants is growing to the European currency.
Technical analysis and forecast of EUR/USD
The level of 1.1125 once again sent the quotation EUR/USD to test the upper limit of the downward channel. The RSI on the daily chart is trading near the trend line, indicating that the limited growth of the euro. Thus, FOREX forecast EUR/USD on the week of September 26-30 is rebound suggests the price down from the level of 1.2670.