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Trading as Expected Correction in EURUSD pair

April 10, 2015 9:30 am

On yesterday EURUSD pair was moved in bearish trend as per hawks tone of U.S inflation and Fed Fund Rate, the last FOMC minutes shows that the good sign about future economy i.e. labor market improvements, GBP etc, and again highlighted the interest rate hikes due to reason EURUSD unpredictable moved downward.

Today we are predicted that the EURUSD pair will move with bullish trend to resistance level 1.0715 towards 1.0745, if market not move in bullish trend then to move support level range 1.0646 maximum, because the pair already in strong oversold condition with unpredictable sentiments. On Friday mostly the market move as correction of previous major trend so technically the same prediction to resistance level range 1.0745 is expected, today not any important fundamental event except medium importance i.e. Export Price Index, USD Import Price Index and must focus FOMC Member Kocherlakota Speaks.




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