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The trade analysis and forecast of the euro dollar today (EUR / USD) 23.03.2016
Overview course EUROUSD
After the release of US data, USD weakened slightly. Later, the European currency began to hand over positions, helped by the weak output figures will need. confidence in the euro zone.
The March value dropped to -9.7, with expectations of a decline to -8.15, the value was previously at level - 8.80. In the euro zone data on business activity in the service sector reached the level of 54.0 against the forecast 53.3, and in the manufacturing sector to 51.4 vs. 51.3. In Germany, the data came out at 55.5 vs. 55.0 and 50.4 vs. 50.8, respectively. These releases were the most important. Announced by ZEW index of economic sentiment in Germany came out at 4.3 vs. 5.0.
Quotes again met with the resistance of 1.1260, then dropped.
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 buy signal is strong and confirmed. Price is above the Ichimoku cloud and Chinkou-Span is below the price level. Tenkan-sen shows the horizontal 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 adjusted.
With continued bearish momentum, as the first target will be considered a mark 1.1150, then 1.1050. To restart growth necessary to break the mark with the aim of 1.1260 1.1350.