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.
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.