Trade ideas thread – European session 9 April 2021

Sumary of Trade ideas thread – European session 9 April 2021:

• There is some semblance of a soft bottom close to 1.60% so that might keep the dollar somewhat supported but there are other technical factors to consider as well..
• EUR/USD managed a break above its 200-day moving average and 1.1900 yesterday, although we are seeing price creep back towards the figure level now..
• Elsewhere, AUD/USD continues to be trapped between 0.7600 and resistance closer to 0.7656-64 for the most part this week as the push and pull continues….

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From ForexLive - 09/04/2021