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Expectations for Eurozone Recovery with Forecast

April 21, 2015 9:18 am

Today we are expected that the EURUSD pair will move in bullish trend with first target to resistance level 1.0765 towards 1.0805, because the pair hold support around 1.0724. If the pair will break 1.0690 then must touch the support level 1.0653 then correctional movements are expected and today not any high and medium importance event for United States, but high importance event for Europe i.e. German ZEW Economic Sentiment (Apr), if we compare the overall economic outlook of Eurozone then we predicted that the event positive impact on Eurozone so as per fundamental expectations the same target is anticipated to near resistance level 1.0805 and if data negative then may be the pair perform to near support level 1.0690.

forex-trading-analysis-eurusd

forex-trading-analysis-eurusd

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