EUR/USD is currently trading with a bullish. During the previous trading day on 15 April 2016, the pair broke out above a key resistance zone 1.1282-1.1286 and is currently retracing downwards towards it. As long as the price trades above this zone, expect an upward rally towards 1.1333. A clear breakout below 1.1282 will push then price further to the lower side with our next target at 1.1213. This pair should be traded alongside EUR/AUD and EUD/GBP . These pairs have a strong positive correlation of up to +0.89 and will likely move in a similar direction during this intraday.
As long as the zone 1.1282-1.1286 protects the lower side, look for long positions with your target at 1.1333. A clear breakout above thsi level will push the price further to the upperside.
Margin Trading in the Forex market contains risks and can cause in significant financial losses. Before deciding to trade in the foreign exchange market, make sure that you understand the risks according to your financial experience and knowledge.