Forecast and technical analysis EURUSD on July 12, 2018.

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EURUSD: the price has gained a foothold under the trend line

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On Wednesday the 11th of July, trading on the euro closed down. The euro swung all over in the European session, and the daily candlestick closed below 1.17. The dollar, pound, and the euro were heavily influenced by the uncertainty in Britain over Brexit and sell-offs of risky assets amid the escalating trade conflict between the US and China.

Forecast and technical analysis EURUSD on July 11, 2018.

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EURUSD: the price may remain between 1.1691 and 1.1791 until the end of the day

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On Tuesday the 10th of July, trading on the euro closed slightly down. During European trading, the euro fell to 1.1691. Buyers managed to win back most of the losses by the close of the day. The downward correction on the dollar index contributed to the price recovery. The market seems to have calmed down after the resignations of British government ministers. The price returned to 1.1750.

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