Overview of the euro, the dollar 04.21.2016
Index of producer prices in Germany during March remained nearly flat in February, but the annual equivalent showed decline by 3.1% y / y, which was the strongest decline since January 2010. According to the forecasts of economists expected 0.1% growth in the month. on-year and 2.9% decline year. Based on the data, the upward pressure on required. prices from manufacturers continues to be limited. In December - March consumer climate in the 28 EU countries reflected a decline by 3.2 points. In December the figure was 12.2, reached the mark of 9 March.
Consolidated above 1.1350, the price has fallen sharply under this level.
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 weak and unsubstantiated. 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 a "Golden Cross". The urgency of the downward movement will continue as long as the price is below the Ichimoku cloud.
The MACD histogram is in the positive zone. The price is adjusted.
There are prerequisites to continue a downward correction. If sales are activated, the levels of 1.1260 and 1.1150 will act as the first target.
Source Fort Financial Services