Fort Financial Services - Analytics

    Fort Financial Services

    562.00 7.00/10
    100% of positive reviews

    EUR/USD (a 4-hour chart)

     EUR/USD (a 4-hour chart)

    General overview

    Yesterday the debt market began to form a reversal pattern for the German and the US Treasuries 10-year bond yields. This trend continuation will increase a demand for the US assets. We cannot ignore the "investors’ risk appetite" growth. The traders’ attention is directed the US industrial production and consumer confidence publications.

    The first support is at the level of 1.1325, the second one is at the level of 1.1260. The resistance is at the level of 1.1410, the next one is at the level of 1.1530.

    We have a confirmed and a strong buy signal. The price is above the Cloud now and it is under the Chinkou Span. The Tenkan-sen is crossing Kijun-sen downwards; the Kijun-sen shows a horizontal movement. That is possible “Dead Cross” formation. The pair keeps growing until it is above the Cloud.

    The MACD indicator is in a neutral territory. The histogram is decreasing.

    Trading recommendations

    The price started its correction, still it intends to grow. If the growth is continued the EUR/USD will reach the level of 1.1530 soon. The decrease target is at the level of 1.1325.

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree