EUR/USD Forex Technical Analysis – July 26, 2018 Forecast

Instead of relying on retail bank deposits, European banks simply borrowed money from wholesale markets where US dollars were available very cheaply. Interest rates are also likely to remain unchanged until next summer. At the time, euro speculators were spooked by slowing forward-looking economic indicators, while upcoming political events in Italy and Germany risked the future unity of the region. Later today, we will downgrade our outlook on the US dollar to neutral following recent events. This article was originally posted on FX Empire. It bottomed in May below 1. See all EUR analysis.

eur/usd This is the most popular currency pair in the world, representing the world's two largest economies. The Euro was created to facilitate cross-border trade of European trading partners.

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Trading Strategies Headlines provides the latest technical analysis and a forecast of the EUR/USD (Euro Dollar). EUR/USD Forex Technical Analysis – July 26, Forecast Based on the early price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to. EUR/USD Current level – The bias is still positive, for a tight test of hurdle. An eventual break of the latter will challenge majorr resistance. Initial support lies at 1.