FOREX ANALYSIS BY MARIUS GHISEA (JULY 27-31)

EUR/USD FORECAST

According to the weekly chart, EUR/USD will rise. The stochastic oscillator is a confirmation for uptrend in the long term. A target in the medium-long term can be 1.15.

Also on the daily chart, EUR/USD will rise. This pair can go at 1.15 in order to form a geometric shape.The MACD confirms the uptrend. Buy on deep strategy is indicated for this pair.