EUR
The European currency is traded with increase relative to American dollar. By the end of the week, EUR/USD could approach closer to 1.5850 strategic level of resistance, that is restraining further strengthening of the pair. In the case of break of this level, a pair will grow to 16th figure. Taking into account the formed triangle, the maximum of the pair can be recorded in the area of 1.6350 marks.
Inflationary data in the euro are still in the maximum points, while growth rates remain at a good level that allows the European Central Bank to maintain interest rates at 4% for a long time. It is expected that in the third quarter rising of inflation in Europe will decline, after which the rate will start falling and the rate of European currency will decline.
On Monday in the euro zone data on Industrial production will be published, which are expected to be at the level of the previous month. Data could cause an increase in EUR | USD, which will once again test the resistance level of 1.5850.
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