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Main » 2018 » July » 31 » Forecast EUR / USD pair today 31/07/2018: Euro strengthened
07:07
Forecast EUR / USD pair today 31/07/2018: Euro strengthened

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The euro forex trading yesterday rose against the general weakening of the dollar. Presented data on the eve of the euro area showed mixed performance, but supported by the quote currency of the Old World. The economic sentiment index in July was 112.1 at the forecast of 112. The index of business optimism in industry decreased to 5.8 while the forecasted value of 6.7, and in the service sector rose to 15.3 against the forecast of 14.2. consumer confidence index was -0.6, which corresponds to the forecast. According to the United States were published data on the number of pending home sales. In June index increased by 0.9%, and the annualized rate was reduced to 4% with growth forecast at 0.9% and 4% reduction, respectively. 

 

 

EUR / USD technical analysis of the euro is moving towards 1.1740 resistance damage. The breakdown of the mark would open the way for Eurocurrency level 1.1830. If the bears manage to consolidate below 1.1645 support is likely to fall to 1.1600. 

 

 

 

Based on materials WELTRADE

 

 

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