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Main » 2016 » September » 6 » Forex forecast euro dollar 07/09/2016
Forex forecast euro dollar 07/09/2016



Weak ISM index of business activity in the US dollar weakened the services sector, which fell to a month low.



Current situation

On Tuesday, the pair is trading under pressure. The price remained near the level of 1.1130 in the Asian and European session on Tuesday. Tool up on weak data on the index of business activity in the non-manufacturing sector of the US during the American session. The pair broke the level 1.1200 and continued to rise towards 1.1270. The EUR / USD has broken through the 50 EMA 100 EMA and the 200 EMA and the continued movement of them in a northerly direction on the 4-hour chart. Resistance is at 1.1270, support - at 1.1200.

MACD rose, indicating a weakening of the position of sellers. RSI rising to the overbought zone.

Forecast EUR / USD 07.09.2016

Пробой уровня 1.1270 откроет путь в область 1.1350. Если цена вернется ниже отметки 1.1200, путь к отметке 1.1130 будет открыт.


Based on materials from Fort Financial Services



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