Apr
11

EUR/USD D1 Technical April 11

Yesterday EUR/USD got a pull back from its resistance zone 1.3130 level. Today Bollinger bands are showing buy signals for the pair but as long resistance is not broken there are chances for further decline. So price action on 1.3130 level should be handle carefully. If EUR/USD manage to break this level then pair will further move up and target 1.3170 level.

On the other hand, If pair didn’t manage to overcome its resistance level then, it will indicate bearish strength for EUR/USD and pair will rapidly dropped southward.

High impact News can affect the movement of EUR/USD. News like Unemployment Claims.

 

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