The US dollar weakened against the currencies of the EU after the US Fed rate hike postponed, leaving her in the previous range of 0.25-0.50%.
Current situation
Despite the recent growth, the pair remains bearish mood. Price is the downlink. A couple of the night to break the level 1.1200 and headed to 1.1250 in the European session on Thursday. Moving averages (50, 100 and 200) narrowed to a narrow horizontal channel right now. Resistance is at 1.1250, support - at 1.1100.
The MACD indicator is located on the ground level. If the histogram will enter the positive zone, it will point to the strengthening of the positions of buyers. If MACD returns into negative territory, control of the market will revert to the sellers. RSI is in the oversold zone.
Forecast EUR / USD
The price can rollback to the level of 1.1200, where it can turn around and resume its growth. Alternatively viewed the probability of the return of vendors on the market and reduction of the EUR / USD to 1.1150.
Based on materials from Fort Financial Services
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