The EUR/USD technical analysis and forecast for the week 18 July 2016 – 22 July 2016

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Markets have moved to the consolidation at the end of the week, the EUR/USD is trading without a definite direction. The European currency fell in one of the tightest bands in its history.

On Friday, issued a lot of economic statistics, but the major indices were in line with expectations. It is worth noting that the volume of retail trade in the United States changed to 0.6% vs. 0.1%. Market participants do not pay attention to statistics from the euro zone and the United States, the main focus – the next terrorist attack, which occurred in France last night. Financial markets are starting to get used to the constant instability and danger in the EU countries, the response will be a classic – the growth of interest in protective dollar.

The EUR/USD technical analysis and forecast for the week 18 July 2016 – 22 July 2016

Currency pair EUR/USD is in a flat trading, where the resistance level is 1.1185. Indicator of relative strength on the daily chart is approaching the trend line that limits the growth of the European currency. The weekly forecast EUR / USD provides a test the 1,1185-1,1200 area, where the expected price decline.

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