On Friday, the profit of euro / dollar fell by 0.6% from the beginning of trading, and the pair has updated at least monthly. Monetary instrument dynamics defined macroeconomic data from the US, this growth of business activity in the manufacturing sector.
The mood in the market is still negative. The EUR / USD dropped sharply at the level of 1.1000. The new local minimum was recorded at around 1.0955. Resistance is at 1.1000, support - at 1.0900.
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 is also said to strengthen the position of sellers.
Tool almost reached the 200-EMA, which rebounded from the bottom on the hourly chart. The pair broke the 50 EMA and the 100 EMA and from the continued decline.
Forecast EUR / USD today
The EUR / USD may continue the downward movement, which Target will be the level of 1.0900.
Based on materials from Fort Financial Services