EUR/USD: general analysis

FX:EURUSD   Euro / U.S. Dollar
136 0 2
Current trend

The demand for the European currency can largely be explained by uncertainty over future monetary policy in the US. At the press conference on 29 March, the Fed Chair Janet Yellen noted the Regulator plans to increase interest rates gradually due to risks to global economic stability. As a result, the US Dollar             came under pressure. One of the key macroeconomic indicators has recently been released in the US. Nonfarm Payrolls for March came in at 215K, down from the previous 242K, while analysts expected a fall to 205K.

Support and resistance

RSI shows the pair is overbought and suggests a correction is possible.

The nearest support level is at 1.1364.
The nearest resistance level is at 1.1492.

Trading tips

Long positions can be opened from the level of 1.1364 with the target at 1.1500 and stop-loss at 1.1330.
More analytic from LiteForex:
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out