There is a growing optimism of investors in the securities market: increasing the yield differential of the German ten-year bonds demonstrates the US and England bugam, against this background, growing interest in the assets of Europe. Important market participants focused on the data in terms of sentiment in the business environment of the ZEW Institute in May, which came out at 6.4. It was supposed to see 12.0, while the previous value was 11.2.
Quotes euro against the dollar peaked at 1.1250 resistance area, but continue to rise in the euro, and the price is euro fell below 1.1200 support.
The first support at 1.1130, below 1.1070. The first resistance at 1.1200, above - 1.1250.
The signal to sell the pair EUR / USD is strong and confirmed. The price is below the Ichimoku cloud and below the line Chinkou-Span. Tenkan-sen shows the downward movement and the Kijun-sen - the horizontal. 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.
Trading recommendations for the euro dollar EUR / USD
on the development of the bearish scenario indicates a drop beyond the psychological level of 1.1200. To further decrease of confirmed break of 1.1130 is needed, then the goal will make a mark 1.1070.
Source Fort Financial Services