Overview of EUR / USD 04/11/2016
The yield on German 10-year bonds rising to the British and American, it adds attractiveness of investments in the assets of the Old World. According to the data, German exports rose by 1.3 percent in one month due to a reduction of 0.6 percent the previous month and a 1.3 percent decline in December. On the other hand, import growth in Germany fell to 0.4 percent from the level of 1.3 percent a month earlier.
After testing support 1.1350 the pair grew up.
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 strong and confirmed. Price is above the Ichimoku cloud and Chinkou-Span is below the price level. Tenkan-sen shows the downward movement and the Kijun-sen - upward. The urgency of the upward movement will continue as long as the price is above the Ichimoku cloud.
The MACD histogram is in the positive zone. The price is rising.
is expected that the pair will get increase its continuation. The objectives for the upward movement will serve the levels 1.1450 and 1.1550.
Source Fort Financial Services