Forecast for the EUR/USD currency pair

Technical indicators of the currency pair:

Prev Opening: 1.05961
Opening: 1.06643
Chg. % Of the last day: +0.60
Daily range: 1.06494 – 1.06778
52-week range: 1.0366 – 1.1616

Yesterday’s comments by the US President failed the American currency. D. Trump said that the dollar is too “strong.” Also, Trump would prefer to keep interest rates at a low level. In the second half of the day, aggressive purchases were observed on the EUR/USD currency pair. At the moment, the key trading range is 1.06300 – 1.06750.

The MACD histogram has fixed in the positive area, but below the signal line, which gives a weak signal to buy EUR/USD.

Stochastic Oscillator is located in the neutral zone, %K line is below %D line, which indicates the correction of the EUR/USD currency pair.

The news line on the 13.04.2017:
– the number of initial applications for unemployment benefits in the United States (15:30 GMT+3:00);
– the producer price index in the USA (15:30 GMT+3:00);
– the indices of consumer expectations and sentiment from the University of Michigan (17:00 GMT+3:00).
 
Trading recommendations

Support levels: 1.06300, 1.05750
Resistance levels: 1.06750

The previous forecast turned out to be quite accurate. We believe that the growth of the EUR/USD currency pair may continue. We recommend buying. The movement is tending potentially to 1.06750-1.07000.

Forecast for the GBP/USD currency pair

Technical indicators of the currency pair:

Prev Opening: 1.24904
Opening: 1.25356
Chg. % of the last day: +0.39
Daily range: 1.25318 – 1.25743
52-week range: 1.1986 – 1.5020

Yesterday, the pound continued to strengthen against the US dollar. The GBP/USD currency pair overcame and fixed above the round level of 1.25000. The closest resistance is the mark of 1.25700. We are waiting for statistics from the USA.

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