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EUR/USD Forecast: aiming to fill the gap around 1.3890

EURUSD chart

In a slow Easter Thursday, the EUR/USD advances above the 1.3850 level, triggering some stops and nearing the weekly high of 1.3862. Early data shown German producer prices for industrial products fell by 0.9%, compared to an year earlier, but the increasing deflationary pressure has hardly affected the currency:...

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Current Trading Positions

GBPUSD Order Entry SL TP
AceTrader LONG LMT @1.6836 1.6749 1.6879
Autochartist LONG LMT @1.6746 1.6529 1.6911
USDCHF Order Entry SL TP
Pattern Trapper BUY LI >0.8809 - -
EURGBP Order Entry SL TP
RoboForex SHORT LMT @0.8222 0.8244 0.8180
XAUUSD Order Entry SL TP
Independent Analyst SHORT LMT <1304.00 1308.00 1294.00

EUR has little more to the upside before the slump; USD to strengthen against yen

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.3867 1.3797 1.3669
GBPUSD 1.6744 1.6630 1.6496
USDJPY 101.59 102.41 103.87
USDCHF 0.8742 0.8827 0.8900
AUDUSD 0.9388 0.9233 0.9070
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.0925 1.1051 1.1237
NZDUSD 0.8600 0.8526 0.8393
GBPJPY 170.63 170.88 171.22
EURJPY 141.00 140.50 141.99
EURGBP 0.8292 0.8266 0.8229

EUR/USD 1.4000 seems likely in the short term, but investors are going for a strong comeback afterwards, probably pricing in ECB action for May.

GBP/USD not that week after all: The GBP/USD regains bullish adepts, seen mostly rising over the upcoming month.

USD/JPY despite this week gains, yen is still expected to capitulate against the greenback, albeit the shorter term view has shifted to neutral this week.

AUD/USD upward extension to 0.9500 before a slide: our #FXpoll shows investors seen the pair advancing more before finally topping.

EUR/JPY neutral above 140.00: with little exceptions the pair is seen mostly range bound, with a floor around 140.00 and a ceiling at 145.00 price zone.

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Most Traded Pairs Now


Pair Price Hour Day Week Month
EURUSD 1.3862 0.02 0.32 -0.17 -0.43
AUDUSD 0.9363 0.02 -0.06 -0.54 3.03
USDCAD 1.1003 0.01 -0.12 0.61 -0.45
GBPUSD 1.6833 -0.01 0.19 0.29 1.18
USDJPY 102.06 -0.01 -0.17 0.52 0.28