Forex brokers , EURUSD technical and fundamental analysis 14 April

Forex brokers , On Friday today’s session EUR continues to volatile, trading around its lowest level seen yesterday owing to light trading volumes as markets around the world were closed for holidays.
EUR/USD is currently trading at $1. 0618 ,after it reached its highest at $1. 0625 and its lowest at $1. 0610 in today’s session while its opening price was $1. 0617.
EUR continues to experience volatility after it dropped yesterday erasing the gains achieved during the week; due to the USD rebound which gained momentum to reverse the bullish trend.
USD has recovered and started to gain ground against major currencies following the release US jobless claims and investor confidence data yesterday, which negatively affected Euro performance.

EURUSD technical analysis Friday 14 April

EURUSD trades at 1.0621 , nears to Fibo 23 at the same time with support level as appeared in chart.

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EURUSD trades under line of MA indicator and each of MACD and Ostocastic Escalator appear bullish signal on 4 hours frame.
So it’s expected to EURUSD goes up word to reach 1.0650 during today trading.

Mohammed Abdelkhalik

Mohammed Abdelkhalik

Professional Trader and Analyst at TradingBroker.co.uk
Professional Trader and Analyst, economist in Financial and Forex market  since 2004.holds an MBA from the American University in Egypt. Mohammed works as an economic writer and technical & fundamental analyst for many international Forex & Binary Options trading companies in both English and Arabic on a daily basis.
Mohammed Abdelkhalik

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