At the start of a new week the American currency fell against the euro.Pressure on the dollar continues to provide weak reports, which were published at the end of five days ended.
On Monday, the European currency strengthened against the background of a weakening dollar. Traders were able to raise the price to 1.1200. Resistance is at 1.1200, support - at 1.1130.
MACD is in the positive zone. Histogram rose, indicating the strengthening of customer positions. RSI close to overbought. Indicators form a buy signal.
The price has moved away from the 50 EMA 100 EMA and the 200 EMA on the 4-hour chart. Moving averages diverge, 50-EMA has moved away from the 100 EMA and the 200 EMA. Moving averages form a buy signal.
Forecast EUR / USD
Price close to 1.1200 resistance. If the EUR / USD pair breaks this level, growth may continue to the 1.1270 mark.
Forecast Fort Financial Services