The currency pair Euro to US Dollar EUR/USD continues to be traded within the framework of expectations and our EUR USD forecast. At the moment, there is a potential for lowering the quotes of the euro/dollar in the area below the level of 1.16.
EUR/USD forecast & analysis Euro Dollar on July 28, 2017
In favor of the fall of the pair is the resistance line test on the relative strength indicator (RSI). The abolition of the reduction option will be a strong growth and breakdown at the level of 1.18, which will indicate continued growth. Expect to accelerate the fall of the pair will break through the level of 1.1570.
Among the important news from Europe and America, which can affect the euro against the dollar, it is worth highlighting: GDP volume change for the quarter in the US, Consumer sentiment index from the University of Michigan.
EUR/USD forecast & analysis Euro Dollar on July 28, 2017 involves an attempt to fall to the lower boundary of the uplink at the level of 1.16, an additional signal in favor of the decline is the test of the trend line on the indicator of relative strength index (RSI).
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