Currency pair Euro to Dollar EUR/USD is closing the trading week at the level near the area of 1.1195. At the moment, the potential for forming the «Head and Shoulders» reversal pattern and falling of the pair’s quotations to the area below the level of 1.0850 is preserved.
EUR/USD weekly forecast on June 26 — 30, 2017
It is worth waiting for an attempt to test the area of 1.1270, where you can again try to sell a pair with a close stop. In favor of correction is the test of the support line on the indicator of relative strength index (RSI). Abolishing the option of reducing the euro, the dollar will be a breakdown of the local maximum area, indicating that the growth continues into the area above the level of 1.1450. Expect to accelerate the decline in quotes EUR/USD is worth a breakdown of 1.1100.
Among the important news from America and Europe in the next trading week, which can have an impact on the EUR/USD rate is worth highlighting:
June 26, 2017, Change in the volume of orders for long-term goods.
June 27, 2017, Indicator of consumer confidence.
EUR/USD weekly forecast on June 26 — 30, 2017 involves a test of level 1.1270 as part of the completion of the formation of the reversal pattern and the beginning of the fall into the area below the level of 1.0850, the breakdown of the local maximum area will be the cancellation.
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