EUR/USD forecast & analysis Euro Dollar on August 4, 2017


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.

EUR/USD forecast & analysis Euro Dollar on August 4, 2017

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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