FOREX FORECAST FOR 27 APRIL

EUR/USD

In the short term the pair can try to test the levels above the key barrier of 1.10. After a strong movement at the beginning of the week a sharp retreat yesterday till 1.0855 was unexpected. At this stage, the downward movement is seen as part of the consolidation phase. It is expected that the euro will trade between levels of 1.0860 and 1.0940.

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