EUR/USD forecast & technical analysis on July 19, 2017


The currency pair Euro to US Dollar EUR/USD continues to trade as part of the growth. At the moment, quotes of the pair test the area of ​​the upper boundary of the uplink. It is worth waiting for a correction attempt in the area below the level of 1.1450.

EUR/USD forecast & technical analysis on July 19, 2017

In favor of falling quotations of the euro/dollar is a test of the trend line on the indicator of relative strength. The abolition of the fall option will be a strong growth and breakdown at the level of 1.1580, which will indicate the acceleration of EUR/USD growth.

EUR/USD forecast & technical analysis on July 19, 2017

Among the important news that may affect the euro against the dollar, it is worth highlighting: The volume of issued construction permits, the number of new foundation laying.

EUR/USD forecast & technical analysis on July 19, 2017 suggests an attempt to correct the area of ​​the lower border of the rising channel, an additional signal in favor of the euro’s decline is the resistance line test on the relative strength indicator.


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