In long-term trends, we 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.
Last modified on Thursday, 28 April 2016EUR/USD Daily Forecast – 29 April
Euro was initially pushed lower in the course of the yesterday's session, but found area around 1.13 handle to be supportive enough in order to rebound, all the way to 1.1370 handle, where pair found some amount of resistance, and pulled back slightly. As for Friday we can expect some amount of support around 1.13 level, initially and 1.1280 in extension, while resistance can be expected at 1.1370 and above 1.14 level in extension, so this is where we would consider placing short-term selling bids.
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