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| EURUSD Weekly Analysis April 8-12, 2024 |
In the weekly analysis for the EUR/USD pair for April 8-12, 2024, I anticipate further recovery in the short and medium term against the US dollar. All technical and economic indicators support the strength of the euro against the US dollar in the upcoming week from April 8 to 12, 2024.
This is the content of the article:
- EUR/USD Price April 8, 2024
- Four-Hour Timeframe EUR/USD Weekly Analysis April 8-12, 2024:
- Best Area to Buy EUR/USD April 8-12, 2024
1.EUR/USD Price April 8, 2024:
The EUR/USD pair witnessed a strong rebound from the demand zone at 1.0811 during the past week, which is considered a very strong demand area in both the daily and four-hour time frames. The EUR/USD prices today are moving at the price level of 1.08360, with the lowest price for the EUR/USD today at 1.0822.
2.Four-Hour Timeframe EUR/USD Weekly Analysis April 8-12, 2024:
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| EURUSD Weekly Analysis April 8-12, 2024 |
I anticipate the continuation of the upward wave in EUR/USD prices in the daily and four-hour timeframes in the upcoming week from April 8 to 12, 2024. It is expected that EUR/USD prices will visit the demand zone at 1.0890 by the end of the week. Therefore, currently, we await any minor downward correction wave in the pair to enter a buy trade targeting the level of 1.0890 as the final target.
3.Best Area to Buy EUR/USD April 8-12, 2024:
The demand zone at 1.0754 is considered the best area to buy EUR/USD. This zone led to the break of the downward trend in EUR/USD prices. Therefore, when prices touch this zone again, it will be an opportune moment to buy the pair.
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