On Monday, the US currency has remained stable against the euro, as Fisher and Janet Yellen responded positively on the development of the US economy, reinforcing expectations of lifting the key rate before the end of 2016.
On Monday, the EUR / USD pair continued to decline in the first half of the trading day until it met strong support in the area of 1.1170 during the American session. Resistance is at 1.1200, support - at 1.1130.
Indicators MACD and RSI renewed decline in the negative zone. MACD tells sellers to strengthen positions. RSI entered the oversold zone. Indicators form a sell signal.
On the 4-hour chart, the price has broken through the 50, 100 and 200 EMA. The moving averages are pointing downwards and form a sell signal.
The euro \ USD forecast for today
Attention traders focused on the level of 1.1130. If the price breaks this support, the tool may continue to decline, as the market's attention will switch to a mark 1.1070.
Forex Forecast Fort Financial Services