The currency pair Euro to US Dollar EUR/USD continues to be traded within the framework of the bullish channel. At this point, we should expect a test of the level of 1.1840 and the beginning of the fall in the area below the level of 1.16.
EUR/USD forecast & technical analysis on August 15, 2017
In favor of the growth of the fall of the euro against the US dollar will test the resistance line on the indicator of relative strength index (RSI). Canceling the variant of falling quotations of the euro dollar forex will be a breakdown of the local maximum level with the closing of quotes above 1.19, which will indicate the continued growth of EUR/USD. Expect to accelerate the fall of the pair is with the breakdown of the level of 1.1700.
Among the important news from Europe and America that can influence the euro against the dollar, it is worth highlighting: The change in the volume of retail trade, it is expected to grow from -0.2% to 0.4%, which can support the US dollar.
EUR/USD forecast & technical analysis on August 15, 2017 suggests an attempt to increase to the area above the level of 1.1840, where it is expected to start falling to the area below the level of 1.16, the breakdown will be the breakdown of the area 1.19.
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