The currency pair Euro to US Dollar EUR/USD continues to trade as part of the formation of the head and shoulders reversal pattern. It is worth waiting for an attempt to drop the quotes of the pair below the level of 1.13.
EUR/USD forecast & analysis Euro Dollar on July 17, 2017
In favor of the fall of the euro/dollar will perform a tight test of the trend line on the indicator of relative strength index (RSI). The abolition of the reduction option will be a strong growth and breakdown of the local maximum area, which will indicate continued growth. Expect to accelerate the decline is with the breakdown of the level of 1.1350.
Among the important news that can affect the euro against the dollar, it is worth highlighting: Manufacturing Index Empire Manufacturing.
EUR/USD forecast & analysis Euro Dollar on July 17, 2017 suggests an attempt to fall as part of the start of the development of the «Head and Shoulders» reversal model with a potential reduction target at the level below 1.13.
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