The currency pair Euro to US Dollar EUR/USD continues to trade within the framework of lateral movement. At the moment, we should expect the continuation of growth in the area above the level of 1.1880. Whence again it is necessary to expect a rebound and the beginning of falling of quotations of pair EUR/USD in the area below level 1.17.
EUR/USD forecast & analysis Euro Dollar on August 25, 2017
In favor of the drop, a resistance line test will be performed on the relative strength indicator (RSI). Cancellation of the variant of falling quotations of the euro/dollar for Forex will be breakdown at the level of 1.1940, indicating that the pair will continue to grow with a potential target above the level of 1.2050. Expect to accelerate the fall of quotations is with the breakdown of level 1.16.
Among the important news from Europe and America, which can influence the exchange rate of the euro, the dollar should be highlighted: Changes in the volume of orders for long-term goods, Speech by the head of the Federal Reserve, Janet Yellen, Speech by ECB President Mario Draghi.
EUR/USD forecast & analysis Euro Dollar on August 25, 2017 involves an attempt to test the area of 1.19, where we can expect the pair to start falling below 1.17, an additional signal will test the trend line on the indicator of relative strength index (RSI).
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