The currency pair Euro to US Dollar EUR/USD continues to trade as part of the decline. At this point, we should expect a rebound and continue the decline in the area at the level of 1.1685. Whence again it is necessary to expect the beginning of growth of quotations of pair in the area above level 1.1920 within the framework of the inverted model of the «Head and Shoulders».
EUR/USD forecast & analysis Euro Dollar on August 23, 2017
Canceling the variant of growth of quotations of the euro the dollar will be breakdown at the level of 1.1610, which will indicate that the pair will continue to decline with the potential target below the level of 1.15. Expect to accelerate the growth of quotations is with the breakdown of the level of the neck line and closing above the area of 1.1850.
Among the important news from Europe and America, which can influence the exchange rate of the euro, the dollar should be highlighted: The speech of the president of the ECB with a speech.
EUR/USD forecast & analysis Euro Dollar on August 23, 2017 involves an attempt to test the area of 1.1685, where it is expected to start the pair’s growth as part of the development of the reversal pattern, the breakdown will be the breakdown of the area of 1.1610.
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