2-nd Week EUR/USD April FOREX Forecast.

Opinion About Future Movement EUR/USD Forex Pair 

on the Second Week of April 2013

Second week from April 2013 on the Forex Pair EUR/USD probably will be with uptrend. But its depends on many factors such as: Creation of Fractals, and levels of Fibonacci from wave theory by Elliot.

First screenshot  was created from 15 minutes timeframe. We will observe EUR/USD and will discuss details little bit later. When our broker will be open at the next week.

Technical Analysis 2nd week of April 2013. Created First Second and Probably Third waves after lont term horisontal channel  

We will expect strong Resistance in the level around EUR/USD= 1.3040 . It will be level created from previous fractal (from March 25, 2013)  If this resistance broke, we expect profit up to level Take Profit EUR/USD ~ 1.3180 ~ 1.3240 . If No. Will be down to level 1.2950 or lower.

More screenshots for confirmation our opinion:

FOREX Forecast EURO to USD in 1-hour timeframe in the big horizontal channel. 

Be careful when you open positions on the next week on Monday Morning. Try open position only after confirmation signals.

Good Luck.