EUR Trading Outlook (15-04-2014)
The AUD/USD: Given the strong USD was unable to push the AUD lower, the pair remains in an uptrend. Pivot point at 0.9375, Support at 0.9375, 0.9330 and 0.9290. Resistance comes in at 0.9430 and recent high of 0.9460.
EUR/USD: Europe and NY session continued to sell the EUR/USD on ECB’s comment in the weekend. However, NY make sure they do not fall into the short squeeze trap that killed them these past few weeks and maintained cautiously around 1.3808/1.3833 range. Market wait for more signals from ECB and also tensions in Ukraine picks up again.
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