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Will EUR/USD Reach 1.5000 in April?

April 11, 2011 (Last updated on April 30, 2011) by

EUR/USD is currently trading inside 1.4417–1.4486 range. It hasn’t been above 1.5000 since November 2009. At the same time, the currency pair has managed to gain more than 21% in 10 months. Many Forex experts consider EUR/USD to be in a bullish trend. Elliott Wave analysis of the weekly chart suggests that it’s now experiencing its strongest dominant trend wave (the 5th one), but will it hold until 1.5000? Are the EUR/USD bulls strong enough to push the pair to that level before May? What’s your opinion on this?

Will EUR/USD Reach 1.5000 in April?

  • No. (56%, 41 Votes)
  • Yes. (44%, 32 Votes)

Total Voters: 73

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EUR/USD Pre-1.5000 Elliott Wave Markup

Update: It looks like the majority of this blog’s visitors got it right :-). Though, it stopped less than 200 pips from the 1.5000 mark. Will probably break above it in May.

If you want to share your opinion or comments regarding the possibility of EUR/USD touching 1.5000 level by the end of April, feel free to reply using the form below.

5 Responses to “Will EUR/USD Reach 1.5000 in April?”

  1. Alex Zalts

    It looks like EURUSD has reached 1st target of 3rd wave starting from Jan11 exactly at 111.8% Fibonacci Extansion. Next week-two weeks could be correction for 100-300 pips.
    We can see trendline: 1.4519-1.4514-1.4502. During two next months I expect the price at 1.515 using Fibonacci retracement, were 100 at 1.4281, 0 at 1.2874, 161.8 is at 1.515.

    Reply

    MalaLakas Reply:

    Yes EUR/USD will reach @ 1.5065 this April.

    Reply

    admin Reply:

    Why do you think so?

    Reply

  2. Waqar Abbas Rizvi

    Technically EURUSD will post high1.4718 in April

    Reply

    admin Reply:

    Are you sure?

    Reply

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