93.75% Probability That EURUSD Will Close Downside in July2017
I think EURUSD is getting ready to move in a low volatility ranging area then to change its direction to the downside because:
- USD is 1.25% interest rate while EUR is Zero.
- Negative Divergence between momentum oscillators and EURUSD.
- April Gap around 1.08 must be closed someday
- EURUSD has 4 consecutive rising months in a raw from March until June 2017 which increase the probability that July will close down side.