The currency pair Euro to US Dollar EUR/USD continues to trade in the lateral movement. At the moment, it is worth continuing the decline in the region at the level of 1.1700. Whence again we should expect a rebound upward and the EUR/USD pair’s quotations begin to rise in the region above the level of 1.1920 within the framework of the inverted «Head and Shoulders» model.
EUR/USD forecast & analysis Euro Dollar on August 24, 2017
Cancellation of the variant of growth of quotations of the euro dollar for Forex will be breakdown at the level of 1.1610, which will indicate the continuation of the pair’s decline with the potential target below the level of 1.15 and the cancellation of the reversal model. 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 affect the exchange rate of the euro, the dollar should be highlighted: Number of initial applications for unemployment benefits.
EUR/USD forecast & analysis Euro Dollar on August 24, 2017 involves an attempt to test the area of 1.17, where it is expected to start the pair’s growth in the area above the level of 1.19 as part of the development of the reversal model, the break-out will break through the area of 1.1610.
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