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Bearish Trend Expected for EURUSD with Forecast

April 22, 2015 8:39 am

Today uptrend may be end at near to resistance level 1.0756, so we are expected that the EURUSD pair will move again in bearish trend with first target to support level 1.0705 towards 1.0680, because the pair not break resistance level 1.0756. Today high importance event for United States i.e. Existing Home Sales (Mar) if we compare the overall economic outlook of United States and Fed target to 2% inflation with interest rate hike then we predicted that the event positive impact on dollar so as per fundamental expectations the same target is anticipated to near support level 1.0680 and if data negative then the same target to near 1.0680 is expected as per technical analysis before event result.

eurusd-analysis-forecast-trading

eurusd-analysis-forecast-trading

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2 Comments

  • Thanks Sir ,
    Your Analysis is very very helfull for us.
    Because we read your previous post about Eur/Usd Anaylsis. These are really work. Your signals very strong .

  • Muhammad Anas Ali

    Thanks Dear, you also join us on skype (dailyfxguide).

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