EUR/USD Pair Movement Analysis for Apr 13, 2016
Yesterday, the pair bounced off the option zones balance level of 1.1400 to show growth to the interest rate zone of 1.14744, which gave a start to a rapid fall in the quotes towards the margin requirements level of 1.13390, breaking the margin requirements level 1.1285 and the option zone balance level of 1.14000. Today, the pair is trading between the option zone balance level of 1.14000 and the margin requirements level of 1.13390. A break of this level will set the next goal to be the interest rate zone of 1.13110. A break of this zone will set the next goal to be the interest rate zone of 1.12519.
The alternative to the descent may be a bounce off the margin requirements level of 1.13390 and growth of the pair to the option zone balance level of 1.14000. A break of this level will set the next goal to be the margin requirements level 1.14285. A break of this level will set the next goal to be the interest rate zone of 1.14744.
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