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.
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.
