According to the data, the index of economic expectations in Germany close to the minimum of 4 years in June. The main reason for the decline sentiment acts uncertainty Brekzita consequences. Meanwhile, the dollar was supported after the publication of upbeat housing data in the US last month.
The euro / dollar yesterday closed trading with a decrease. Technically, the pair is in the downlink. The price set a new local minimum in the area of 1.1000 (strong psychological support). The tool has lost about 0.53% during the trading day. Resistance is at 1.1050, support - at 1.1000.
MACD is in the negative zone. Histogram indicator decreased, which indicates the position gain sellers. RSI went back to the oversold zone, its signal line has decreased, which indicates the position gain sellers.
Price is moving from 50-EMA, which still acts as resistance for the pair. Moving averages (50,100 and 200) are directed downwards, which is a signal to sell.
Forecast EUR / USD to behold Useful
In EUR / USD pair remains bearish mood. If the pair breaks 1.1000 support, the decline may continue in the area of 1.09 00.
Based on materials from Fort Financial Services