Fort Financial Services - Analytics

    Fort Financial Services

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    EUR/USD (a 4-hour chart)

     EUR/USD (a 4-hour chart)

    General overview

    The weak Nonfarm Payrolls can postpone the Fed rate hike.

    Current situation

    The pair grew last Friday. The EUR/USD broke the levels of 1.1200, 1.1250, 1.1300 and approached the mark of 1.3730. The pair looks bullish. The resistance is at 1.1370, the support is at 1.1300.

    MACD is in a positive area, the signal line is in a histogram. MACD is growing, its signal is bullish. RSI reached the overbought level of 70.

    Trading recommendations

    We expect the 1.1370 line break that will open the way for the buyers to 1.1450.

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