The currency pair EUR/USD continues to trade as part of the decline. At the moment, there is a potential for testing the lower boundary of the rising channel and continuing the growth of the pair in the area above the level of 1.1430.
EUR USD prediction & analysis on July 5, 2017
In favor of growth is the formation of a reversal model on the indicator of relative strength. Cancellation of the growth option of the euro dollar will be a fall and breakdown of the area of 1.13, indicating that the pair continues to decline.
Among the important news that can affect the euro against the dollar, it is worth highlighting: Changes in the volume of production orders, the publication of the minutes of the Fed meeting.
EUR USD prediction & analysis on July 5, 2017 suggests an attempt to increase to the area above the level of 1.1430 within the rebound from the lower border of the rising channel, an additional signal will be a breakdown of the trend line on the indicator of relative strength index (RSI).
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