In long-term trends, now when we have seen break above 1.15 handle, we would be buyers only for this pair and we have no interest in selling the pair at the moment, as par has plenty of support all the way to 1.14 handle.
EUR/USD Daily Forecast – 03 May
Euro spent Monday's session in an incline, breaking above major resistance at 1.15 handle, and with a daily closing near day's high we are bullish for this market. Pair was supported by more hawkish than expected Mario Draghi's comments. As for Tuesday we can expect some amount of support around 1.15 level, initially and 1.1470 in extension, while resistance can be expected at 1.1550 and above 1.1580 level in extension, so this is where we would consider placing short-term selling bids.
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