Overview and outlook of the euro dollar 03/25/2016
In the absence of new economic data had a couple focus on the dynamic component of the stock of assets that suddenly cheered. Interest is not played in favor of the euro, which has lost the position of the global strengthening of the US currency on the "hawkish" messages Fed representatives.
Even a slight deterioration in sentiment on the stock exchanges due to the drop in prices of oil, could not play quotation EURUSD, as the dollar remained strong positions. Only at the end of trading on the background of a weakening of the dollar has grown up.
Leading trading above $ 1.1260, EURUSD has gone to the south, while noting the weekly level of 1.1150. Then a pair of slightly corrected upwards.
In the area of 1.1150 is the first support below 1.1050. In the area of 1.1260 is the first resistance, above - 1.1350.
Price is located in the Ichimoku cloud and Chinkou-Span is below the price level. Tenkan-sen shows the horizontal movement and the Kijun-sen - downward, and form "Dead Cross".
Histogram MACD is in the negative zone. The price is adjusted.
Trading recommendations on EURUSD
for the prospects of further decline with the immediate goal, located at 1.1050, a breakdown level of 1.1150 is required. To the upward movement has developed, it needs to break the resistance 1.1260.
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