[Andrea ForexMart]

[b]Technical Analysis for EUR/USD: April 26, 2016[/b]

Buying interest are surrounding the Euro as markets remain vigilant ahead of the FOMC meeting. Lower than expected home sales from the US also added upward pressure to the Euro.

Annual home sales only reached 511,000 from last year’s 519,000, hugely missing forecasts of 520,000. The spotlights are now on Fed’s two-day policy meeting that will commence later today and the announcement from the BOJ on Thursday.

The pair rose to 1.1301 today, almost hitting the nearest resistance of 1.1305. The next resistance is at 1.1362. The first support occurs at 1.1243 and 1.1187 subsequently.

The exchange rate is now at 1.1295. The MACD is in a negative location. The price is climbing.