Currency pair Euro to Dollar EUR/USD completes the trading week near the area of 1.1640. The pair was able to update the local maximum area and at the moment continues to trade within the uplink. It is expected to rebound from the upper border of the channel and fall into the area of 1.1380, where again we should expect a rebound and the growth of the euro/dollar pair.
EUR/USD weekly forecast on July 24 — 28, 2017
In favor of growth, there will be a tight test of the support line on the indicator of relative strength index (RSI). The cancellation of the option will be a breakdown of the support line, as well as the lower border of the channel, which will indicate the drop in quotations of the euro dollar in the area below the level of 1.0950.
Among the important news from America and Europe in the next trading week, which can have an impact on the EUR/USD rate is:
July 26, 2017, FOMC’s Fixed Interest Rate Decision, FOMC Accompanying Statement.
July 27, 2017, The number of initial applications for unemployment benefits, Change in the volume of orders for long-term goods.
July 27, 2017, Change in GDP for the quarter.
EUR/USD weekly forecast on July 24 — 28, 2017 suggests a correction attempt to the lower boundary of the channel at the level of 1.1380, from which one should expect a rebound and continued growth, the break-through of the growth variant will break through the level of 1.1300.
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