EURUSD Forecast, April 9

The single currency is holding up well regardless US-EU trade dispute/the tariffs war. EURUSD sentiment stays quietly optimistic after the ascent yesterday above the key hourly MA. That implies the near term bias in the pair is presently more bullish however there is some resistance around 1.1270.

Those aren’t the key drivers influencing the pair. The pair additionally has a field of large expiries moving off today somewhere in the range of 1.1220 and 1.1280. What’s more, that is probably reason keeping the pair in a stable condition.

The ECB meeting tomorrow and Brexit negotiations would be crucial in defining the direction of the EURUSD pair in the near term.


Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.