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Weekly Outlook: 2016, April 03 - April 10

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by , 04-03-2016 at 08:37 AM (849 Views)
      
   
Forecast for The Week - levels for EUR/USD

EUR/USD: bullish with 1.1411 key resistance. Daily price is on primary bullish trend located to be above 100-day SMA and 200-day SMA: the price is trying to break 1.1411 key resistance level for the bullish trend to be continuing.

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  • if the price breaks 1.1411 resistance so the primary bullish trend will be continuing;
  • if the price breaks 1.1143 support level so the reversal of the price movement from the primary bullish to the primary bearish market condition will be started;
  • if not so the price will be moved within the channel.

Resistance
Support
1.1411 1.1143
N/A 1.0814

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