In long-term trends, despite this pullback, we would still be buyers for this pair and we believe that it can go as high as 1.15 handle given enough time, especially now when we have break above 1.13 handle. We have no interest in selling at the moment, as we believe that there is significant amount of support for this pair all the way to 1.1050 level, from where pair could easily bounce out.
EUR/USD Daily Forecast – 04 April
Euro was pushed higher in the course of the Friday's session, all the way to 1.1430 area, but after better than forecasted US NFP figures, pair pulled back, finding support around 1.1340 level and rebounding a bit by the end of the session. As for Monday, we can expect some amount of support around 1.1330 level, at least initially and resistance at 1.14 and above 1.1450 level in extension, so this is where we would consider placing short-term selling bids.
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