Financial markets have recovered from the shock caused by the collapse of the Chinese stock market, which took place at the beginning of 2016. The market participants are again focused in the difference between the monetary policy of central banks. The falling volatility and strengthening of commodity market assets put pressure on the euro and the yen.
EUR/USD technical analysis and forecast on April 26
The EUR / USD currency pair showed a short correction after declining to 1.12. The RSI on the four-hour chart of the EUR / USD still indicates the continuation of the downward trend. The EUR / USD forecast for tomorrow considers a depreciation of the euro below the point of 1.12.
