EUR/USD Forecast April 7, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 07 April 2016 08:57 UTC
The EUR/USD pair initially fell during the day on Wednesday, but turn right back around to form a fairly bullish candle. Because of this, it looks as if the Euro is trying to reach towards the 1.15 level above, which has been massively resistive in the past. We don’t have any interest in selling, we think that there is more than enough support below and of course bullish pressure to continue to offer buyers every time this market pulls back. Eventually, we could break above the 1.15 level which of course would be a longer-term “buy-and-hold” type of situation.

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.