The currency pair Euro to US Dollar EUR/USD continues to trade as part of the growth. At the moment, there is still potential for falling quotations of the euro dollar in the lower border of the upward channel at the level of 1.17.
EUR/USD forecast & analysis Euro Dollar on August 3, 2017
In favor of the fall comes the test of the line of the net on the indicator of relative strength index (RSI), as well as the formation of the «Head and Shoulders» reversal model. The cancellation of the variant of the fall of the pair will be followed by the breakdown of area 1.19, which will indicate the acceleration of EUR/USD growth on Forex.
Among the important news that may have an impact on the Euro against the US Dollar, it is worth mentioning: The number of initial applications for unemployment benefits, Composite index ISM for the non-production sphere.
EUR/USD forecast & analysis Euro Dollar on August 3, 2017 involves an attempt to fall into the area of 1.17 as part of the rebound from the resistance line on the indicator of relative strength index (RSI), the breakdown will be the breakdown of the area 1.19.
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