EUR / USD traded a general overview on 25/04/2016
Index of business activity in the manufacturing sector (PMI) in Germany for the last month rose more than expected. According to the report, the figure came in at 51.9 compared to 50.7 level in the past month. Experts expect recovery in the past month to 51.0.
In the area of 1.1150 is the first support below 1.1050. In the area of 1.1260 is the first resistance, above - 1.1350.
A sell signal is strong and unconfirmed. The price is below the Ichimoku cloud and Chinkou-Span is above the price level. Tenkan-sen and Kijun-sen are directed downwards. The urgency of the downward movement will continue as long as the price is below the Ichimoku cloud.
Histogram MACD is in the negative zone. Price reduced.
Euro traded with a negative mood. The downtrend intensified. It aims to reduce the levels of 1.1150 and 1.1050.There may be setbacks towards 1.1260.
Source Fort Financial Services