The currency pair Euro to US Dollar EUR/USD continues to trade near the local maximum area. At the moment, there is a potential for falling quotations of the euro/dollar in the lower channel boundary, where again we should expect a rebound and continued growth of the pair.
EUR/USD forecast & analysis Euro Dollar on August 4, 2017
In favor of the fall, a trendline test will be performed on the relative strength index indicator. The abolition of the reduction option will be a strong growth and breakdown of the area of 1.1940, which will indicate the acceleration of the pair EUR/USD growth.
Among the important news from Europe and the US, which can influence the euro against the dollar, there are: Unemployment rate, Change in the number of employed in the non-agricultural sector (NON-FARM PAYROLLS).
EUR/USD forecast & analysis Euro Dollar on August 4, 2017 involves an attempt to correct the quotations in the area of the lower border of the channel at the level of 1.1720, an additional signal will test the resistance line on the indicator of relative strength index (RSI).
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