The euro could recover up to $ 1.29 on Thursday, after the correction in recent days in an uptrend line (from the H4 chart) finished first. The currency pair is thus again in the first phase of the movement is still intact uptrend. This continues now in fact, is the next target price, the high of $ 1.3028 last movement. A break would confirm the trend again and possibly accelerate. Does the resistance at $ 1.29, however, and the Euro bounces from here down, should be the last correction low of $ 1.2732 can not be reached, in order not to jeopardize the upward trend. Impetus for the further price development or increased volatility could now bring the following dates with the economy:
8:45 FR Consumer Spending m / m
10:00 DE Ifo Business Climate Index in July
15:00 BE business climate index in July

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