In long-term trends, despite recent pullback, we still have no interest in selling the pair as there is plenty of support all the way to 1.1050 handle. We would use any pullbacks as a buying opportunities, since we believe that pair will go all the way to 1.15 handle given enough time, though we cannot expect an easy way up.
EUR/USD Daily Forecast – 26 April
Euro spent uneventful Monday's session in a rebound, going all the way to 1.1280 level where pair found some amount of resistance. As for Tuesday we can expect some amount of support around 1.1220 level, initially and 1.12 in extension, while resistance can be expected at 1.13 and above 1.1330 level in extension, so this is where we would consider placing short-term selling bids.
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