EUR/USD Daily technical analysis April 17, 2015


As the graph shows, the growth of the currency pair has been going on for three days. Negative statistics across the United States continues to disappoint traders betting on the decline. On Wednesday, it was possible to observe a negative Industrial Index from the US Federal Reserve on Thursday, everyone was waiting for data on the labor market, which also proved to be unsatisfactory, and also - Lockhart's statement about caution to an early increase of interest rates. Publication is scheduled for today Core Consumer Price Index, perhaps this news will positively affect the US dollar.

The main resistance of currency pair is still a level of 1.1040. On Monday, Greece must submit an action plan about how to exit from the current situation of default, and as early as next month, it is necessary to pay 1 billion euroto IMF, but it is likely that there are no money in the country. Against the background of all that was said before prerequisites for further reduction of the pair remain relevant.
It iss projected to rise to the resistance level 1.0900 and then downward movement toward support levels 1.0775; 1.0630. If a couple does not stop to the level of 1.0900, it is possible to increase the level of 1.1040.

EUR/USD Daily technical analysis April 17, 2015

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