The currency pair Euro to US Dollar EUR/USD continues to move within the framework of growth. At the moment, there is a potential for falling quotations of the euro/dollar in the area below the level of 1.1330. In favor of the fall of the pair is the breakdown of the bullish trend line on the indicator of relative strength index (RSI).
EUR/USD forecast Euro Dollar on July 3, 2017
An additional signal is the formation of the «Head and shoulders» reversal pattern on the euro/dollar chart. The abolition of the fall option will be a strong growth and breakdown of the local maximum area, which will indicate the continued growth of EUR/USD. Expect to accelerate the decline of the pair is with the breakdown of the level of 1.1380.
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