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EUR/USD Forecast 7 April 15
Tuesday, April 7, 2015 9:41
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Good day forex traders and readers.
I wanted to do a quick update on the current price action of the EUR/USD and I hope everyone is in the green so far. With the Easter holiday over, increased volumes may bring us some movement.
Technical Analysis
Looking at the EUR/USD daily chart above we note that the currency pair is bearish so far for the week.
The currency pair is now at the middle of the bollinger bands and this suggests possible consolidation. Our immediate support and resistance levels will be 1.0780 and 1.1020 respectively. The top and bottom bollinger bands will likely serve as extended targets.
Source: http://www.fxinstructor.com/blog/eurusd-forecast-7-april-15
