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EURUSD analysis 19 April 2017

EURUSD analysis 19 April 2017

 

The pair made a rise during yesterday and recorded its highest level in two weeks after the best performance in more than a month in spite of the fears of the French elections but the weakness of the dollar made the pair rise.

Also, the Euro gained support after the announcement of making the elections in the UK next month.

The market is not expecting that the central bank will keep working on the easing program

Today is the announcement of the final reading of the consumers' prices and it is expected to record 1.5% while the previous was 2.0%

Technically

Staying above 1.0715 may push the pair to 1.0765 and then 1.0800 and after that the 200 SMA at 1.0837

In contrast declining down of 1.0715 may push the pair to 1.0655 and then the 50 SMA at 1.0654 and the 100 SMA AT 1.0627

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