In long-term trends, if we see decisive break above 1.08 area we would be interested in buying the pair as this still a major resistive point, despite break above it in the course of the last week. We are not interested in selling the pair, despite this pullback.
EUR/USD Weekly Forecast – 03 April – 07 April
Euro was initially pushed higher in the course of the last week, going all the way to 1.09 handle at one moment, but in the second part of the week, US dollar managed to find some amount of support, and euro sharply pulled back, finishing the week around 1.0650 level. As for next week, focus will be on NFP figures. Any type of supportive candles around 1.05 area would be short-term buying signal, while resistive candles above 1.0750 and 1.08 level would be short-term selling opportunity.
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