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Technical Expected Range for EURUSD Trading

April 17, 2015 9:16 am

Today we are predicted that the EURUSD will move in downtrend but technical condition may be applied, that uptrend is expected to ended around range 1.0785 to 1.0799. If the pair will break the resistance level 1.0815 then possibility to touch next resistance level at 1.0865 and if not break then first target is 1.0715 towards 1.0689. Today high importance fundamental events for both USD and Europe, so if the data of U.S is positive then pair keep the support level 1.0689 and if data negative then the pair will move upward after break the support level 1.0715 to 1.0785. Today 60% correctional movements are expected as per technical analysis after major move.




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