The market has not taken a solution concerning the further movement yet, the euro / dollar pair is still on the place it had been before. The mood of the market players has changed several times for the past week that shows the uncertainty in the short term of both the euro and the dollar.
EUR/USD technical analysis and forecast on April 13
The currency pair EUR / USD is still traded under the terms of consolidation, but the “bulls” on the euro are still trying to attempt to break the upper border of the trading channel. The RSI on the four-hour chart is still in the neutral zone with no specific direction. The growth of the euro is limited to the upper boundary of the ascending channel, the forecast for EUR / USD on April 13 involves trade in the same range, the break-down of the 1.1325 level with the further development of the correction up to 1.1150 area is more likely.
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