MBCFX daily market analysis, today is Wednesday, 3rd of April 2013

 MBCFX daily market analysis, today is Wednesday, 3rd of April 2013

The US dollar recovers versus the euro and the yen ahead of Bank of Japan and the European Central Bank policy meetings starting today and tomorrow respectively.

Investors will turn their attention to the A D P private-sector jobs report due today, followed by Thursday's weekly jobless claims and US Nonfarm payrolls report on Friday.

Concerning the technical analysis,
As we notice on the 4 hours chart that the 1.2790 level corresponds to the bottom level of the ascending channel, and the resist of the Euro USD prices at this level.

For the rest of the technical analysis and to now the next target of this pair and other s

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