The currency pair Euro to US Dollar EUR/USD continues to be traded within the framework of the formation of the reversal model «Double Top». It is worth waiting for an attempt to drop the quotes below the level of 1.13. In favor of the fall will break through the «Triangle» model.
EUR/USD forecast & analysis Euro Dollar on July 12, 2017
By abolishing the option of lowering the quotations of the euro, the dollar will be a breakdown at the level of 1.1470, which will indicate the continued growth of the EUR/USD pair. Expect the acceleration of the fall of the pair is with the breakdown of the support level 1.13, which indicates the continuation of the decline below the level of 1.12.
Among the important news that can affect the euro against the dollar, it is worth highlighting: Speech by the head of the Federal Reserve, Janet Yellen.
EUR/USD forecast & analysis Euro Dollar on July 12, 2017 suggests an attempt to fall within the framework of the start of the development of the reversal model «Double Top» with the potential reduction target at the level below area 1.12, the cancellation will be the breakdown of the local maximum area.
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