EUR/USD Forecast April 11, 2017, Technical Analysis

The EUR/USD pair fell initially during the day on Monday but turned around to form a supportive candle. The 1.06 level above continues to offer resistance though, so it’s likely that we will continue to see choppiness. Ultimately, it looks as if the markets are starting to see more bearish pressure, but the bounce that appears to be starting should be healthy for sellers to get involved. The 1.05 level underneath should continue to be a supportive level, and I do not expect a breakdown through there on the first attempt. Buying isn’t a thought into we cleared the ledge at the 1.0675 area. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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