Forecast 09.05.2016 EUR / USD
The euro on Friday bid received little support due to the positive data on the scope of the Spanish industrial. production. Forecast a decline to 1.7% y / y from the previous 2.2%. However, the value increased by 2.8%. US Non-Farm presented a monthly report, which came out at the level of 160 thousand. Vs. 202 thousand.
Tool settled below 1.1450 zone. After reducing the vapor grown and tested below this level, and then fell again.
In the area of 1.1350 is the first support below 1.1260. In the area of 1.1450 is the first resistance, above - 1.1550.
A buy signal is weak and confirmed. Price is on the Ichimoku cloud and Chinkou-Span is below the price level.Tenkan-sen shows the downward movement and the Kijun-sen - the horizontal, and form "Dead Cross". The urgency of the upward movement will continue as long as the price is above the Ichimoku cloud.
Histogram MACD is in the negative zone. Price reduced.
Trading recommendations EUR / USD
If the quotes will continue to decline, then as the first target 1.1350 speak. It frees the way to break through 1.1260.
Source Fort Financial Services