The currency pair Euro to US Dollar EUR/USD continues to trade near the area of 1.1460. It is worth waiting for the attempt of growth of quotations above the level of 1.1485, where again we should expect the continuation of the decline in quotations.
EUR/USD forecast & analysis Euro Dollar on July 18, 2017
The target of the fall of the pair is the area at the level of 1.1430. In favor of the fall of EUR/USD, a resistance line test will be performed on the indicator of relative strength. The abolition of the euro’s decline in the euro will be a strong increase in the breakdown at 1.1520, which will indicate continued growth.
Among the important news that may affect the euro against the dollar, it is worth highlighting: The index of sentiment in the business environment from the ZEW Institute, the Import Price Index.
EUR/USD forecast & analysis Euro Dollar on July 18, 2017 involves an attempt to drop the test level of 1.1480 and the beginning of the fall as part of the development of the bearish wave model of Wolfe with a target near the level of 1.1430.
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