Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Daily Market Analysis from ForexMart
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Andrea ForexMart, post: 100056, member: 36651"] [B][SIZE=5]Technical Analysis for EUR/USD: April 11, 2016[/SIZE][/B] The Euro recorded a yearly high of 1.1453 on Sunday after the European Central Bank (ECB) revealed that the board is leaning to another rate cut. The pair is now trading within a range of 1.1395 and 1.1427. The exchange rate is hovering just above 1.14 level at 1.1411. The central bank has slashed interest rates to -0.4 percent in early March as it struggles with a negative inflation rate of -0.1 percent, a far cry from the bank’s target of almost 2 percent. During his speech on Thursday, ECB president Mario Draghi reiterated that they are willing to do “whatever is needed” to lift inflation which is not expected to hit the target until 2018. The central bank will hold a policy meeting on April 21. Meanwhile, the USD is still weak after Fed implied that a rate increase is unlikely in the upcoming policy meeting. Fed Dallas’ president Robert Kaplan will participate in a question-and-answer session later today and we are waiting for hints of the bank rate’s possible future. This week is packed with many entities publishing economic reports. US retail sales will be revealed on Wednesday and the consumer price index of the US and Eurozone will be published on Thursday. Germany, France, and Spain will also release data after data later this week. The first support is at 1.1373 and 1.1316 subsequently, while the first resistance is at 1.1444 and 1.1501 subsequently. The MACD indicator is in a positive location. The price is rising. [ATTACH=full]7223[/ATTACH] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…