EUR/USD Weekly Forecast – 17 April – 21 April

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Sunday, Apr 16 2017

EUR/USD Weekly Forecast – 17 April – 21 April

Euro was initially pushed higher in the course of the last week, but found resistance above 1.0670 area and then pulled back by the end of the week in order to finish it slightly above 1.06 handle. Next week should be a steadier one, especially the first part o fit. Any type of supportive candles around 1.05 area would be short-term buying signal, while resistive candles above 1.0670 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 at the moment. For now we would remain on the sidelines.

More in this category: « GBP/USD Weekly Forecast – 17 April – 21 April GBP/USD Weekly Forecast – 24 April – 28 April »

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