Black Pipper

Forex Dreamers

Analysis and forecast of EUR / USD for today, April 9, 2021

On Thursday, EUR / USD climbed to 1.1953, gaining 0.53%. Buyers activated in yesterday’s European session, taking advantage of the strengthening EUR./GBP cross and lower yields on US bonds.

In addition, yesterday’s report on applications for unemployment benefits in the US came out against the dollar at the American session, showing an increase in the number of applications for the second week in a row.

On Friday, during the Asian session, the major currencies are losing ground to the dollar. New Zealand and Australian dollars (-0.55%) and (-0.78%) have lost the most since the beginning of the Tori.

On the eve of the weekend, traders are fixing longs on EUR / USD, which led to a decline in the pair to 1.1885. Above, through 1.1887 is the balance line, which can be considered pivot level… The pair has moved away from this resistance, therefore, taking into account the sales of the euro in crosses, there is a high probability of the eurodollar falling to the 45th degree at 1.1870.

Also read  USD / CAD analysis and forecast for April 12, 2021_USD / CAD: Jerome Powell encouraged investors

Today the economic calendar for the euro is empty, and the dollar rate will be determined by the Treasury yield.

On the H1 chart Stochastic oscillator is in the buying area, which does not exclude the retesting of the 1.1887-1.1890 area.


Leave a Reply

Your email address will not be published. Required fields are marked *