In long-term trends, since pair is stable above 1.13 handle, we would be buyers and we believe that it is now heading towards 1.15 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 – 13 April
Euro was initially pushed higher in the course of the yesterday's session, but found area around 1.1560 handle to be too resistive at the moment, with pair pulling back all the way to 1.1350 handle, where pair found support and rebounded slightly by the end of the session. As for Wednesday, we can expect some amount of support around 1.1350 level, at least initially and resistance at 1.1430 and above 1.1460 level in extension, so this is where we would consider placing short-term selling bids.
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