Fort Financial Services - Analytics

    Fort Financial Services

    545.25 5.75/10
    100% of positive reviews
    Real

    EUR/USD (a 4-hour chart)

    EUR/USD (a 4-hour chart)

    General overview

    After Draghi's comments, which were clearly "pigeon", the euro reeled some positions amid the two key Central Banks policy differences. However, it is too early to speak about a significant euro weakening as the US economy shows more and more surprises in recent years. We believe that the Fed might shed some light on its further steps prospects the next week during its planned meeting.

    The first support lies at 1.0800 and then at 1.0730. The first resistance stands at 1.0925, the next one is at 1.1050.

    There is a confirmed and a strong sell signal. The price is below the Ichimoku Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The downward movement will be until the price is below the Cloud.

    The MACD indicator is in a negative territory. The price is decreasing.

    Trading recommendations

    The downward movement will be continued. The pair may go to 0.0730 soon. The next target is the level of 1.0630.


    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