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Trading Analysis and Expected Range for EURUSD

April 16, 2015 9:11 am

Today we are expected that the EURUSD pair will keep downtrend as correctional movements, because currently uptrend ended around 1.0715 to 1.0732 and as per our prediction may be move to near support level 1.0655 towards 1.0625. Today many high and medium importance events for USD, like Building Permits (Mar), Philadelphia Fed Manufacturing Index (Apr) and Initial Jobless Claims, as per overall previous and predicted future outlook of U.S economy have not good improvements in these economic factors, so at the time of event may be the pair will move in uptrend, and if data in good positive figure then may be reach to near support level 1.0570.




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