EUR/USD Technical - 12/ April
By Praful Patat
EURUSD is still up trend in progress. EURUSD completed 161.8% extension at 1.4470 and retrace toward 1.4394, 1.4335 area, if back from this area then again going up side toward 1.4554, 1.4638, otherwise continues going down side 1.4082, 1.3836 area in bigger range. In EURUSD strong support is at 1.4335. In EURUSD trend line pass at 1.4365-55 area, break of this trend line, next target is 1.4292 possible. EURUSD break of 1.4464 resistance further going up side toward 1.4554, 1.4638 area.
Strategy: EURUSD buy from support or sell from resistance.
New High: 1.4458, 1.4489, 1.4465.
New Low: 1.4396, 1.4427, 1.4403.