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 – 07 April
Euro went back and forth in the course of the yesterday's session initially going lower, but founding once again support around 1.1330 level and rebounding by the end of the session, breaking above 1.14 handle, which offered some amount of resistance. As for Thursday, we can expect some amount of support around 1.1330 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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