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25.07.201709:35 Forex Analysis & Reviews: The chance of further growth of the euro remains

Long-term review
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The US dollar is coupled with the single European currency and the British pound remain under pressure.

Upon evaluating the CME Group data, it shows that.

The data on the US manufacturing activity.

According to the IHS Markit report, in July this year, the preliminary index of supply managers for the US manufacturing sector rose to 54.2 points from 53.9 points in June.

Exchange Rates 25.07.2017 analysis

The significant data index of consumer confidence from the Conference Board will be released today.

The technical picture of the EUR / USD pair shows that buyers will make another attempt to consolidate above the range of 1.1670, which failed to reach yesterday.

In the case that the euro decline again to the level of 1.1635, it is the best way to look at the new long positions in the support areas 1.1610 and 1.1560.

Oil prices had slightly increased after the decision of Saudi Arabia.

Futures for WTI crude oil returned from the level of 45.30 to the area of 46.50.

Jakub Novak
Analytical expert of InstaForex
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