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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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Trading plan for EUR/USD for April 01, 2019

analytics5ca1a37698611.jpg

Technical outlook:

The EURUSD 4H chart presented here might indicate that the currency pair could continue to print lower lows and lower highs with prices unable to produce a bullish reversal from 1.1240/60 zone. It is seen to be trading below 1.1240 mark, after printing intraday highs at 1.1242 levels earlier. Last week's low was seen at 1.1208 and EURUSD bears are likely to threaten a break below 1.1175 levels sooner than later. We therefore recommend exiting on long positions taken last week and watch for a price action before committing further. There could be a possible count where 1.1448 is a major top. Prices could continue to retrace the recent drop before turning lower again. With price action at extreme levels for now, we shall wait for a potential corrective rally to enter short positions again.

Trading plan;

Remain flat for now.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com