The currency pair Euro to US Dollar EUR/USD continues to trade within the framework of strong growth. It is worth to expect a correction attempt to the area below the level of 1.1740, then continue the growth of the pair above 1.19.
EUR/USD forecast & analysis Euro Dollar on August 2, 2017
In favor of the growth of a pair euro/dollar will test the trend line on the indicator of relative strength. The cancellation of the pair growth option will be followed by the breakdown of the area 1.1660, which will indicate the continuation of the pair correction development.
Among the important news that can affect the euro against the dollar, it is worth highlighting: The change in the number of employees from ADP, is expected to grow from 158K to 187K.
EUR/USD forecast & analysis Euro Dollar on August 2, 2017 involves an attempt to correct the area of the lower boundary of the channel, where again we should expect a rebound and continued growth of the pair in the area above the level of 1.19.
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