Against the background of statements by the head of the Fed. Janet Yellen, the US currency fell sharply against the euro, trading updating at least Friday.Investors have heard that the weak data released on Friday, causing new concerns, signs of a slowdown in the number of jobs need to closely monitor, and does not give a specific value to one only employment report.
The situation on the EUR / USD pair
On Monday, trading in the euro / dollar pair opened higher circular level 1.1300. During the day, the pair is trading in the range 1.1300-1.1370. By the close of the euro has updated a maximum of greenbacks and overcame another resistance level of 1.1370.
The MACD is in the positive zone, the signal line within the histogram. RSI oscillator signal line has reached the overbought zone and gives a sell signal.
Forecast EUR / USD rate today
On the EUR / USD may turn around the course to the south. In the case of a bearish scenario Target sellers make a mark 1.1370, which will open the way to 1.1300 support below.
Source Fort Financial Services