06, June 2016

EUR/USD (a 4-hour chart)

 EUR/USD (a 4-hour chart)

General overview

The weak Nonfarm Payrolls can postpone the Fed rate hike.

Current situation

The pair grew last Friday. The EUR/USD broke the levels of 1.1200, 1.1250, 1.1300 and approached the mark of 1.3730. The pair looks bullish. The resistance is at 1.1370, the support is at 1.1300.

MACD is in a positive area, the signal line is in a histogram. MACD is growing, its signal is bullish. RSI reached the overbought level of 70.

Trading recommendations

We expect the 1.1370 line break that will open the way for the buyers to 1.1450.