The euro got under new wave of sales after Weidmann's statements. According to the ECB representative the inflation may not reach the target level of 1% in 2016 due to the increased downside risks. Consumer Price Index for the last month remained unchanged. According to the report, prepared by Eurostat, the rate (seasonally corrected) was 1.0% compared with 1.0% in the previous month, that was in the line with expectations.
The first support lies at 1.0925 and then at 1.0800. The first resistance stands at 1.1050, the next one is at 1.1150
There is a confirmed and a strong sell signal. The price is under 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 under the Cloud.
The MACD indicator is in a negative territory. The price is correcting.
The buyers need to break above 1.3610 for a steady growth. The way to the mark 1.3670 will be opened after this breakthrough. We do not exclude the falls to 1.0925 and 1.0800.