RobertPapon

Analysis and Forecast EUR / USD - Weekly review (25.07-29.07).

FX:EURUSD   Euro / U.S. Dollar
Last week brought weakening of the euro against the dollar, which was consistent with my assumptions, which I presented in the last daily reports. On Friday also they came to break the bottom of the nearly three-week trend side. Overcoming support at 1,0972-81 may suggest a further weakening of the euro against the dollar, towards the level of 1.0909 (at least after the announcement of a referendum). At this level (1.0909), I expect to activate the demand side, which will certainly defend that level. Any break 1.0909 support will indicate the weakness of the euro , which further confirms the downward trend. In this case, the aim in the longer term may be last year's lows.
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