EUR/USD Forecast Euro Dollar September 27, 2022

Posted 26 September, 2022

The European currency falls for the fifth trading session in a row in tandem with the dollar, updating 20-year lows. The dynamics of the euro are weighed down by fears of a recession in the region amid the energy crisis.

At the same time, the dollar index, which reflects the dynamics of the US currency against a basket of other major currencies, for the first time since 2002 exceeded the level of 114 points. The dollar rally is supported by the continuation of the aggressive policy of tightening monetary policy by the US Federal Reserve to stabilize inflation in the country.

 

EUR/USD Forecast Euro Dollar September 27, 2022

 

The EUR/USD (Euro Dollar) currency pair showed the expected development of a downward impulse within the trading channel after fixing below the key level 1. The relative strength indicator is correcting to the neutral zone after testing the support level, the downward trend line limits the recovery of the European currency. Thus, the EUR/USD forecast Euro Dollar September 27, 2022, provides for consolidation in the range of 0.9700-0.9750, from where the strengthening of the dollar will resume.

 

Previous forecast

26 September, 2022 11:49

← The analyst predicted the renewal of the annual minimum price of bitcoin

The cost of the first cryptocurrency can drop to $17.65 thousand and go lower, the specialist warned.

The analyst predicted the renewal of the annual minimum price of bitcoin

Next forecast

26 September, 2022 11:04

GBP/USD Forecast Pound Dollar September 27, 2022 →

On Monday, the British currency fell 5% against the dollar to hit 1.0327, a historic low.

GBP/USD Forecast Pound Dollar September 27, 2022
Write a comment
 
Prove you’re not a bot + 16 = 25