Eur/usd - page 447

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 Giving a forecast for the EUR/USD pair for the next month, the majority of experts (80%) insist on lowering the pair at least to the level of 1.1100. As a result, after ECB President Mario Draghi's speach, the pair really started to move south and graduated from a week in the middle between the support levels 1.1283 and 1.1200, designated on the basis of graphical data analysis.
 
The sentiment on the dollar remained fragile as markets revised expectations for the timing of the next rate hike the central bank of the United States after on Friday data showed the smallest increase in the number of employees since September 2010.
In addition, on Monday, Federal Reserve Chairman Janet Yellen said the US central bank does not intend to raise interest rates, while keeping the uncertain economic outlook in the United States. Yellen also expects, that the US recovery will continue, but did not specify the possible timing of the next rate hike.
 

The euro marked a decline against the US dollar for a second day in a row on Friday. EUR/USD lost 62 pips to a closing price of 1.1252. The pair broke the first resistance at 1.1286. Next bears target is the  first support at 1.1100. On the upside, the resistance is located at 1.1286.

 
EUR/USD tried to make upward movement last week, topped at 1.1414 but failed to keep the momentum, fell down and closed lower at 1.1252. Trade signals are low for testing the lower line of the bullish channel localized in the region of 1.1130. Immediate resistance is at 1.1285. A clear break below that area should lead the price to neutral trading zone testing 1.1320.
 
Important news will keep under pressure the participants in the Forex market next week. Decisions on interest rates in the US and the UK are the main topics that will monitor market participants. Concerns about Brexit will also influence their actions.
 
Key levels to watch for today:
Support: 1.1100; 
Resistance: 1.1286; 1.1450; 1.1630.

 
On Monday, the dollar is stable at one-week high against other major currencies, as investors remain cautious ahead of the monthly meeting for the monetary policy of the Federal Reserve System, which will be held this week. The EUR/USD gained 0.12% to 1.1264. USD Index, which tracks the US currency against a basket of six major rivals, is stable in the region of one-week high 94.59.
 
EUR/USD: correction to 1.1285 is expected. Intraday outlook: low - 1.1232, high - 1.1285, closing - 1.1265.
 
The price is below the middle line of Bollinger bands borders, below 5 EMA and EMA 13. RSI turns up. Stochastics come out of the oversold zone. MACD is below zero and demonstrates attenuation loss. Indicators confirm each other. I would sell the pair to rise from 1.1280-1.1300 with the prospect of its fall to 1.1140.
 
EUR/USD marks a positive day today after going to 1.1234 and reaching a high of 1.1304. The pair is now trading at 1.1280 and as it appears, it is consolidating between the low of 1.11 and the high of 1.14.
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