Since critical data does not go to Europe, all attention was focused on market data from the US. The highlight of the auction was the American report on industrial production. In April, the change in volume of industrial production amounted to 0.7% m / m forecasted -0.3% m / m figure was previously at the level of -0.9% m / m. Investors see this figure as a leading signal change monetary policy of the Fed.
Quotes evrovalyuiy started upward correction, 1.1350 resistance test. 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 below the line Chinkou-Span. Tenkan-sen and Kijun-sen demonstrate horizontal movement. 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. Trading recommendations EUR / USD to decline resumed quotes, you need to break through the target with in the area of 1.1260. The next goal will make the level of 1.1150.
Source Fort Financial Services