Daily Forecast - 15 April 2014

EURUSD

EURUSD

EURUSD tested support at 1.3815/10 all afternoon & over night as we start to look oversold short term. We could see a recovery today to 1.3850/60 & should struggle here but don't rule out a break higher to fill the gap at 1.3880 with a high for the day expected. Exit longs & try shorts with stops above 1.3910.

If however we continue lower look for a buying opportunity at 1.3790/85.

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