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EUR/USD Forecast 3 Apr 13




Good day forex traders.

It is mid week and I hope everyone is in the green. With the economic articles selected for your reading so far, it is rather apparent that the Cyprus crisis is still a threat to sentiments. If you have been missing out, do join our free mailing list. The sign up is on the right side bar.

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Looking at the EUR/USD daily chart above, we can see that from a technical analysis point of view, the price action remains rather tight. The immediate resistance is 1.2850 followed by 1.3000. On the down side, immediate supports are 1.2800 and 1.2750.

We are probably seeing a tight range before the US Non-Farm Payroll and hence caution is advised. Tomorrow also brings us the European Central Bank ECB minimum bid rate announcement and hence be careful of unexpected forex spikes.

Trade safely.

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