The currency pair Euro to US Dollar EUR/USD continues to be traded near the area of 1.1655. At the moment the «Head and Shoulders» reversal pattern is being formed, which indicates a drop in quotations to the area below the level of 1.1550.
EUR/USD technical analysis & forecast on July 26, 2017
Abolishing the option of reducing the euro the dollar will break through the level of 1.17, which will indicate the cancellation of the model and the continued growth of EUR/USD. Expect to accelerate the fall of the pair is with the breakdown of the level of 1.1610.
Among the important news that can affect the euro against the dollar, it is worth highlighting: FOMC’s decision on the basic interest rate, the FOMC Supporting Statement.
EUR/USD technical analysis & forecast on July 26, 2017 involves an attempt to fall within the framework of the beginning of the development of the «Head and Shoulders» reversal model with the target of reducing at the level of 1.1550, the breakdown of the variant will be a breakdown of the level of 1.17.
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