Ten-year German government bonds in the bond market showing a decrease in the yield to American and British opponents. As a result, interest in the assets of the European Union falls. In addition, there is a growing interest in high-risk assets, which puts pressure on low-risk assets, which include the European currency. However, the pair EUR / USD managed to gain a foothold.
Trading took place in a fairly narrow range. EUR reached 1.1200, but failed to move above and quotations fell back.
In the area of 1.1130 is the first support below 1.1070. In the area of 1.1200 is the first resistance, above - 1.1250.
A sell signal is strong and confirmed. The price is below the Ichimoku cloud and below the line Chinkou-Span.Tenkan-sen and Kijun-sen demonstrate horizontal movement. 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. The price is adjusted.
Trading recommendations GBP / USD
The pair is oversold, indicating a potential to further strengthen with the first target 1.1250. Break this field will clear the way to 1.1300.
Source Fort Financial Services