The currency pair Euro to US Dollar EUR/USD continues to be traded within the framework of the bullish channel. At the moment, there is a potential for falling quotations of the euro dollar in the region of the lower border of the channel at the level of 1.1715.
EUR/USD forecast & analysis Euro Dollar on August 8, 2017
In favor of the decline is the breakdown of the support line on the indicator of relative strength index (RSI). In the event of a breakdown of the lower border of the channel and the consolidation of quotations below the level of 1.1680, we should expect a further decline in the euro/dollar pair on Forex. The abolition of the reduction option may be the breakdown of the area 1.1920.
Important news from Europe and the US is not expected, so the pair will continue to move in the technical analysis EUR/USD.
EUR/USD forecast & analysis Euro Dollar on August 8, 2017 involves an attempt to fall to the lower boundary of the channel at 1.1715, an additional signal is a test of a broken trend line on the indicator of relative strength index (RSI).
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