Technical forex forecast the euro dollar (EUR / USD) as of today 12/04/2017
In the forex trading on Monday, the euro tested the level of 1.0600, and fell slightly in Asian trade. At the opening of trading in Europe, the bulls were able to return to the area of 1.0600 quotes, offset by the loss of all night. EUR / USD has broken the 1.0600 resistance and moved to the quotes around 1.0650. But failed to climb above 1.0625 buyers and quotes returned to the 1.0600 support
4-hour chart has demonstrated that the EUR / USD pair was located below the moving average. What speaks in favor of the sales. MACD rose, indicating the weakening position of sellers. RSI indicator was held near oversold, intending to grow.
Forecast the EUR / USD 12/04/2017
Euro in tandem with American trading near the support level of 1.0600. If EUR / USD exceeds the level of 1.0600, it is likely to continue to reduce to 1.0570 and below. If the support stand restoration euro quotes above 1.0600 area will allow the bulls to develop the upward movement of the resistance 1.0650 and above 1.0690-1.0700.
Technical analysis the dollar the euro is represented by leading analyst broker Fort Financial Services Aleksandrom Kofmanom.
