In long-term trends, since pair is stable above 1.13 handle, we would be buyers and we believe that it can go as high as 1.15 handle given enough time. 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 – 05 April
Euro was initially pushed lower in the course of the yesterday's session, but found area around 1.1350 handle to be supportive enough in order to rebound and break above 1.14 handle, which is offering some amount of resistance at the moment. As for Tuesday, we can expect some amount of support around 1.13t0 level, at least initially and resistance at 1.1430 and above 1.1450 level in extension, so this is where we would consider placing short-term selling bids.
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