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EURUSD Daily Forecast: April 11

Monday, April 10, 2017 18:41
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EURUSD Forecast    
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Overall price is still in a bearish phase since the false break above 1.0873 key resistance two weeks ago but as you can see on my H4 chart below price respecting a trend line support which is a good place to buy with a tight stop loss as a clear break below the trend line support and 1.0570 area would expose 1.0500 region. Immediate resistance is seen around 1.0620. A clear break above that area could trigger further bullish pressure testing 1.0700 region. On the downside, a clear break and daily close below 1.0500 would expose 1.0350 area. Overall I remain neutral.



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