Euro Zone trade balance had slackened its impression despite scored better-than-expected value as investors raised concerns about bullish Euro making negative impact.

Dear Traders,

EUR/USD underwent bullish corrective trend at 1.1310 and according to Elliot Wave theory (chart can be viewed below), it's expected to be on bullish trend peaking at wave C

Euro Zone trade balance report had slackened its impression despite scored better-than-expected value as investors raised concerns about bullish Euro making negative impact. Euro Zone trade surplus (adjusted) marked EUR28.6 billions on March 2016 compared to EUR19.9 billions last year (YoY), with annual export decline at 3% and sharp import decline at 8%.

Ergo, those declining export and import on first quarter 2016 sparked major concerns toward general economic growth of Euro Zone.


Technical Analysis

Consider looking at this graphic to aid your trading decision this day, this graphic is in h4 resolution with Elliot Wave theory to read the upcoming pattern.

EUR/USD