The currency pair Euro to US Dollar EUR/USD continues to trade near the support area. At this point, we should expect a rebound from the level of 1.17 and the beginning of growth in the area above the level of 1.18, where again we should expect a decrease and breakdown of the support area.
EUR/USD forecast & analysis Euro Dollar on August 17, 2017
In favor of continuing the decline in the euro/dollar will perform a bearish trend test on the indicator of relative strength index (RSI). By canceling the variant of growth of quotations of the euro/dollar will become a breakthrough at level 1.1610, which will indicate the continuation of the decrease with the potential target below area 1.14. The abolition of the euro decline option will be the breakdown of the area of 1.1920.
Among the important news from Europe and America that can influence the euro against the dollar, it is worth highlighting: The number of initial applications for unemployment benefits, is expected to slightly change the indicator from the level of 244K to 240K.
EUR/USD forecast & analysis Euro Dollar on August 17, 2017 involves a rebound attempt in the region above the level of 1.18, where we can expect the EUR/USD pair to continue below the level of 1.14.
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