EUR/USD , 4/12

EUR/USD has reversed directions in the Friday session, after slight losses in the Thursday session. Currently, the pair is trading at 1.1311, up 0.50% on the day. On the release front, there are no major German or eurozone events. The German Wholesale Price Index remained steady in March, with a gain of 0.3%. Eurozone industrial production declined by 0.2%, above the estimate of -0.5%. In the U.S., UoM consumer sentiment is expected to improve to 98.1. As well, the Treasury department releases its semi-annual currency report. •1.1300 has switched to a support role after strong gains by EUR/USD on Friday. It is a weak line •1.1434 is the next resistance line •Current range: 1.1300 to 1.1434 How To Trade Forex Using Support and Resistance Levels