Currency pair EUR / USD is traded with no particular direction.
Market participants do not expect from the Fed any actions at the meeting on 27 April, further key rate changes are assumed to be no earlier than June 2016. The Fed say that they are ready to raise rates at any time, but the market do not trust these statements.
EUR/USD technical analysis and forecast on April 12
There is still the consolidation of the EUR / USD in the range 1.1325 – 1.1435. The Relative Strength Index is located in the neutral zone on the four-hour chart, there are no clear signals. Within the EUR / USD forecast on April 12 expect trading with a sider, the lower boundary test at 1.1325 is possible.
