FOREX FORECAST FOR 7 AUGUST

FOREX FORECAST FOR 7 AUGUST

7 August 2017, 12:05
Real Trade
0
80

EUR/USD

The euro crossed the level of 1.19 last week for the first time since January 2015, but finished the week below 1.18, showing the deepest fall
after the reaction to the NFP.

EUR/USD increased by 0.2% and tested the level of 1.18 today. Maybe European traders will give the currency the necessary acceleration, however, the longer it is below the mentioned level, the higher the possibility of prolonged trade in this range and even the fall to the next support level in the area of 1.17 and 1.1660.


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