Overview of the euro the dollar on 13/04/2016
Although the rate of inflation in Germany accelerated in March, the index of producer prices remained below the target level of the Central Bank of the European Union. According to EU standards, the March harmonized index required. prices in Germany recorded a 0.8% increase, the annual growth rate amounted to 0.1%. According to German national standards +0.8% m / m and + 0.1% y / y, in line with the initial assessment. The ECB was forced to use additional incentives in order to get closer to the inflation rate of 2%, as in the euro area inflation rates remain low.
The euro dollar spent the day shopping in the lateral flat. Further euro quotations have decreased, and the price touched the 1.1350 support.
In the area of 1.1350 is the first support for the EUR / USD below 1.1260. In the area of 1.1450 is the first resistance, above - 1.1550.
Price is on the Ichimoku cloud and Chinkou-Span is below the price level. Tenkan-sen and Kijun-sen demonstrate horizontal movement and form a "Golden Cross".
The MACD histogram is located on the ground level. Price reduced.
Trading recommendations for the euro dollar
You can wait for euro growth. In this case, it will be the first target and 1.1550 to 1.1450 in the region - the next.
Source Fort Financial Services