Forecast EUR / USD 26.04.2016
At its last meeting of the EU Central Bank kept interest rates unchanged, and it accordingly has had on the European currency impact. Negative currency for the EU remains the trend in the credit markets: ten-year German government bonds show a decrease in the yield against opponents from the United States and Britain. However, the euro / dollar earlier in the week showed growth.This week the attention of traders will be focused on the results of the Fed meeting, hoping to get hints on future interest rates.
The euro tried to gain a foothold, but beyond 1.1350 quotes back and could not. Euro went down, breaking the level of 1.1260. Below this level, the price reversed up and the euro / dollar closed above the level of 1.1260.
In the area of 1.1260 is the first support below 1.1150. In the area of 1.1350 is the first resistance, above - 1.1450.
A sell signal is strong and confirmed. The price is below the Ichimoku cloud and Chinkou-Span is above the price level. Tenkan-sen shows the downward movement and the Kijun-sen - the horizontal, and form "Dead Cross". The urgency of the downward movement will continue as long as the price is below the Ichimoku cloud.
Histogram MACD is in the negative zone. The price is adjusted.
will probably be fixed down the rebound. Loss of 1.1260 level before the release quotes the way to 1.1150.
Source Fort Financial Services