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.
Last modified on Friday, 08 April 2016EUR/USD Daily Forecast – 11 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 at the moment, with pair rebounding all the way to 1.14 handle thus forming a hammer as a daily candle. As for Monday, with no major data releases, we can expect some amount of support around 1.1330 level, at least initially and resistance at 1.1450 and above 1.1480 level in extension, so this is where we would consider placing short-term selling bids.
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