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EUR/USD Weekly Forecast – 10 April – 14 April

Sunday, Apr 09 2017
EUR/USD Weekly Forecast – 10 April – 14 April

Euro spent initial steadier begining of the week, testing 1.07 handle and with support around 1.0630 level, but was pushed lower at the very week ending, due to somewhat better than forecasted NFP figures but more importantly due to geopolitical concerns in Syria. With Easter holidays coming we can expect a bit steadier next week. Any type of supportive candles around 1.05 area would be short-term buying signal, while resistive candles above 1.06700 and 1.07 level would be short-term selling opportunity.

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, however this seems quite unlikely after this pullback. For now we would remain on the sidelines.

Last modified on Sunday, 09 April 2017
More in this category: « GBP/USD Weekly Forecast – 10 April – 14 April AUD/USD Weekly Forecast – 17 April – 21 April »

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