EURUSD Analysis 03 April 2015


As we are in the last day of this week, major markets like US and european are closed for today. Because of that, there are only currencies to trade at this time. This situation may create a high volatility on EURUSD. Also today there will be a NonFarm data from US. So traders should be careful at EURUSD trade.

As seen on 4Hrs chart, EUR USD is above 55 periods EMA and closing to support level of its short term trend. 1.0785 and 1.0970 levels are the support and resistance levels of this trend. Traders should create strategies around this levels. Our view is below 1.0970 resistance bearish pressure will continue. Above this level, BUYERS will get into position.

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