German economic indicators remain at the high level, that is supporting the European currency.
Today, pay attention to the results of the US Federal Reserve meeting and accompanying FOMS statement at 21:00 MSK. Raising of the rates is not expected, but the “hawk” rhetoric may support the dollar.
EUR/USD technical analysis and forecast on April 28
The euro is traded close to the 1.13 level, the RSI shows the correction toward trend line, indicating that the renewal of decrease in EUR / USD pair. The forecast for the EUR / USD on 28 April 2016 considers a movement in the 1.1200 area, a break of which may send the quotes to test the rising ascending channel’s lower border.
