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Today EURUSD Retreat in Bearish Trend as Technical Basis

April 6, 2015 9:06 am

Today we are expecting that the EURUSD currency pair will retreat in downward as per previous bullish movements due to Nonfarm Payroll events announced at Friday weaker than forecast and today overall bearish movements near to support level 1.0920. The market was not retreat on Friday because Holiday in U.S (Good Friday) i.e. due to reason U.S liquidity was not involved in market, so today 100 pips movement are expected. Today not any high importance fundamental event for Europe and U.S, so technically EURUSD move lower 1.0945 towards 1.0920 and resistance level 1.1002 – 1.1015.




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