Euro dollar forecast for August 8, 2018, EUR/USD rate analysis

Forecast the pair is written in quotations EUR/USD 1.1600.

Over the past 2 days, the Euro dollar has made a short-term rollback and tested the previously broken border of the triangle. Thus, confirming the importance of our previous forecasts. Usually, after this confirmation, should be further movement in the direction of penetration.

Euro dollar forecast for August 8, 2018, EUR/USD rate analysis

That is, the Euro dollar will continue to fall. The immediate goal of the fall, the next support level is the previous high 1,1530. Here is on him we now and focus. Strategy for EUR/USD to 08.08.2018 is selling on the market, with the aim 1,1530 below. Sell on every rollback. It is desirable, only increasing the position, so you squeeze out of the movement maximum.

The Euro dollar is below the Ichimoku Kinko Hyo cloud, which indicates a downward trend in the currency pair. The red fast signal line crossed the blue slow line from top to bottom in early August.

Thus, the forecast of the Euro Dollar on August 8 suggests a fall in the exchange rate of the currency pair in the area below 1.1530 and testing the support level of 1.1500. We assume that this level will not be able to resist.

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