Fort Financial Services - Analytics

    Fort Financial Services

    567.00 7.00/10
    100% of positive reviews
    Real

    EUR/USD (a 4-hour chart)

    EUR/USD (a 4-hour chart)

    General overview

    The Eurozone published Manufacturing Sector PMI for March at the level of 51.6. The forecast was 51.4. The unemployment rate remained at the level of 10.3%.

    The first support lies at 1.1350 and then at 1.1260. The first resistance stands at 1.1450, the next one is at 1.1550.

    There is a confirmed and a strong buy signal. The price is above the Ichimoku Cloud and it is above the Chinkou Span. The Tenkan-sen shows an upward movement and the Kijun-sen shows a horizontal movement. The upward movement will be until the price is above the Cloud.

    The MACD indicator is in a positive territory. The price is consolidating.

    Trading recommendations

    We believe the growth will be continued now. The first target is the level 1.1450, the next one is 1.1550.


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