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What April can bring us?

 

Our analysis for previous month occured to be very successful. Once again most of the pairs presented by us achieved forecasted levels. Let's see what April can bring us.

After testing 1.35 level EUR/USD will probably settle down now. The most important area for this market is marked in yellow on the chart. Any uptrend will have to brake 1.3750 levle, while support is located at 1.32. Braking any of those levels will show us direction of next move, which in case of euro fall may result in testing 1.25 level.

 

On USD/JPY chart dollar is trying to break above 100 level. If it happens market can test 104-105 area, where long term trend line is located. If dollar goes below 95 we will probably see test of 90 level.

Last market is EUR/AUD. I rarely use it but it looks like there is potential now for a trade. Wide yellow area shows us 'safe' price levels. Any move above 2.02 can lead to 2.15 test. If we go below 1.90 we will be testing 1.80 area.