In the forex trading on Tuesday the European currency in the pair with the American lost a few positions. Greenbacks continue to support the Chairman of the Federal Reserve comments that Yellen made on Friday about what had reason to expect a rate rise before the end of this year.
On the eve of trading in EUR / USD pair passes close to fresh lows. The euro remained below the broken 200-EMA and the current resistance at 1.1150 on 4-hour chart. Traders differed weak activity before leaving the US statistics. EMA-200 neutral and 50-EMA-EMA 100 and directed downward. On the hourly chart moving averages (50, 100 and 200) have a bearish tilt. EMA-50 and 100-EMA-EMA 200 intersect downstream. Resistance at 1.1200, support - at 1.1130.
Indicators MACD and the RSI remain in the flat in negative territory, pointing to the risk of a downward movement.
Forecast EUR / USD rate today
Currency pair EUR / USD - bearish trend. If the euro remains below the 200 EMA and the 5 EMA and the 100 EMA will continue south traffic on the 4-hour chart, should not expect the downtrend to continue. Level 1.1130 will be the first target of sellers.
Research Fort Financial Services