FORECAST BY MARIUS GHISEA- EUR/USD (March 29 – April 1)

The EUR/USD currency pair enters into a medium term uptrend. The price above EMA 50 indicates the uptrend. According to the stochastic oscillator, the price might rise until at least 1.1430 (Fibo 0.76).

According to the 8 hour chart, the uptrend is still intact above EMA 200. The MACD will re-enter positive territory after a small retracement.