The currency pair EUR/USD continues to trade near the area of 1.1645. At this point, we should expect a rebound and the growth of quotations of the euro/dollar pair above the level of 1.1750.
EUR/USD technical analysis & forecast on July 27, 2017
In favor of growth is the test of the broken channel border, as well as the support line on the indicator of relative strength index (RSI). The cancellation of the pair’s growth option will result in a drop and breakdown at the level of 1.1590, which will indicate the continuation of the decline.
Among the important news that can influence the euro against the dollar, it is worth highlighting: The number of initial applications for unemployment benefits, Change in the volume of orders for long-term goods.
EUR/USD technical analysis & forecast on July 27, 2017 suggests an attempt to increase to the area above the level of 1.1750 within the framework of the rebound from the support area, the break-out will break through the level of 1.1590.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
