Thursday, April 6, 2017

EUR/USD Trading Forecast for April 2017

Hello traders, its been long time for euro struggling so hard to survive above 1.2 area. Its bad for Euro because of upcoming French election on April on the later on German election also will be held on this year. Other hand brexit triggers which euro putting more pressure.  Even USD is also on fire and american economic looks wealth. BOA bank of American expecting more rate hikes which is not good for Euro single currency.

So, i prefer to stay short or open sell order with 1.05 target, if any upside point break such as 1.10 then we expecting to go further 1.14 then 1.18 this year.

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