7 August 2017, 18:03  EUR/USD recovers above 1.1800

Technically, it looks as though the dollar’s weakness may have ended for the time being, and the charts generally hint that further downside pressure may be placed on the Euro. If so, below Friday’s low and the 31 July low of 1.1722 would allow a run back towards the 28 July low of 1.1670. Under there would see a test of the rising trend support, currently at 1.1620 and possibly on towards 1.1600 although not yet. The topside looks a little limited right now although the hourlies do need to correct their current oversold condition and we could see a rally towards 1.1800, and anything above there would seem to be a decent sell opportunity/

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