Yesterday the European currency strengthened against the US dollar, reaching a maximum of 2 weeks. Currency of the EU supported the optimistic data from Spain and Germany. Meanwhile, the pressure on the dollar has a recent statement of the American regulator with respect to monetary policy.
The pair shows a moderate bearish. The tool has grown in the area of 1.1130, which was subjected to a wave of selling. EUR / USD pair closed yesterday's trading lower. Resistance is at 1.1130, support - at 1.1050.
MACD is in the positive zone. Histogram rose, indicating the strengthening of customer positions. RSI rose to the overbought area.
On the 4-hour chart, the price has broken in an upward direction moving averages (50, 100 and 200), however, the EUR / USD could not be here to stay, and fell below the 200 EMA.
Forecast EUR / USD today
The EUR / USD fell under pressure of dreams. If the pressure continues, the price will return to the downstream movement. In the case of return to the market sellers euro fall to the level of 1.1000.
Forecast Fort Financial Services