USD to strengthen vs. EUR
The US Dollar is expected to strengthen even more against the Euro on a short-term basis.
After the new high levels of the currency at 1,3990 in May, the pair started falling, making a failure swing and then after the break point of the swing at 1,3500 price level (point 2 on the chart) the pair continued its decline. It follows the direction of a trend line and the first price target of 161.8 on the Fibonacci extension level of the move 2-3 was met at 1.3380.
After that the US Dollar is expected to strengthen even more against the Euro currency probably towards the 261.8 of Fibonacci extension level at 1.3180.