EUR / USD forecast for May 13, 2016
March industrial output growth in the euro area forecast to 0.1%, after a decline in February to -0.8%, the data came out at -0.8%. The yield on ten-year German state. paper demonstrates the rise against the British and American counterparts, which has evrobyki support.
The tool has taken an attempt to increase the resistance 1.1450, but stayed below this mark and rolled down.
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 sell signal is strong and confirmed. The price is below the Ichimoku cloud and below the line Chinkou-Span.Tenkan-sen shows the horizontal movement and the Kijun-sen -niskhodyaschee. 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 falls.
Trading recommendations EURO / USD
Probably, the tool will be able to resume the northern movement with the first target 1.1450 and the next at 1.1550.
Source Fort Financial Services