Today the US currency pulled back from lows against the majors. However, the rising dollar slowed down due to pessimistic US data published on Tuesday, which reduced the probability of a rate hike this year.
After a couple of sharp growth remains below 1.1270. Consolidation was formed in the range of 1.1230-1.1270.Euro remains above the 50 EMA 100 EMA and the 200 EMA on the 4-hour chart. Moving averages are directed upwards. Resistance is at 1.1270, support - at 1.1200.
MACD remained at the same level, which indicates the position gain sellers. The RSI has continued to consolidate close to overbought levels.
Forecast EUR / USD today
The price can be reduced to the area of 1.1180, where the moving averages. Moving averages can act to support prices, from which the pair can rebound up. The levels of 1.1270 and 1.1350 are the following Target sellers.
The forecast of Fort Financial Services