The favorable character of European data has supported the European currency. Index of business activity in the services sector has reflected growth from 53.0 to 53.3. At 2.2% increased sales of retail analysts expected slowdown from January's 2.1% to 1.3% in annual terms. As dreyverov for further upward movement became weak overseas data.
EUROUSD (4-hour chart)
Due to the general weakening of the USD, the tool was able to break out of the resistance 1.0925, updating the maximum mark just below 1.1050.
In the area of 1.0925 is the first support below 1.0800. In the area of 1.1050 is the first resistance, above - 1.1150.
Price is located in the Ichimoku cloud and Chinkou-Span is above the price level. Tenkan-sen shows the upward movement and the Kijun-sen - the horizontal, and form a "Golden Cross".
The MACD histogram is in the positive zone. The price is rising.
If sales resume, the first target reduction will make the level 1.0925. After the breakdown of this goal will make a mark of 1.0800 support.
Analysis and forecast of the euro Fort Financial Services (TradeFort)