Currency pair EUR/USD continues to be traded within the framework of the rising channel. It is worth waiting for an attempt to test the upper border of the channel at 1.1570, where again we should expect the Euro/Dollar decline to fall below 1.1440.
EUR/USD prediction & analysis on July 20, 2017
In favor of reducing the pair is the test of the trend line on the indicator of relative strength index (RSI). The abolition of the fall option will be a strong growth and breakdown of the level of 1.16, which will indicate the continuation of growth above the level of 1.17.
Among the important news that may affect the euro against the dollar, it is worth highlighting: The publication of the ECB’s decision on the basic interest rate, it is expected that the rate will remain unchanged at 0.00%, one expects growth in volatility at the time of publication of the news. ECB Press Conference. The number of initial applications for unemployment benefits is expected to decrease from 247K to 245K.
EUR/USD prediction & analysis on July 20, 2017 involves an attempt to test the upper boundary of the rising channel and the beginning of the fall below the level of 1.1440, an additional signal is a rebound from the trend line on the indicator of relative strength index (RSI).
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