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2 Apr 2015
EUR/USD might test 1.0800 – FXStreet
FXStreet (Barcelona) - According to FXStreet Editor and Analyst, Omkar Godbole, EUR/USD might test 1.0800 levels today and even 1.0825 as the dollar would likely disappoint.
Key Quotes
“On the charts, we see the pair has bounced from the 50% Fib retracement of 1.0461-1.1050 located at 1.0756. This, coupled with the bullish RSI on the hourly time frame, could drive the pair higher to its 5-DMA located at 1.08.”
“The rally could overshoot to 1.0825, as the USD is likely to be under pressure after the ADP reported a big miss on its monthly employment number yesterday.”
“A fresh selling pressure in the EUR could be anticipated at 1.0825, which is 38.2% Fib retracement of 1.0461-1.1050.”
Key Quotes
“On the charts, we see the pair has bounced from the 50% Fib retracement of 1.0461-1.1050 located at 1.0756. This, coupled with the bullish RSI on the hourly time frame, could drive the pair higher to its 5-DMA located at 1.08.”
“The rally could overshoot to 1.0825, as the USD is likely to be under pressure after the ADP reported a big miss on its monthly employment number yesterday.”
“A fresh selling pressure in the EUR could be anticipated at 1.0825, which is 38.2% Fib retracement of 1.0461-1.1050.”