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EURUSD Daily Forecast: April 12

Tuesday, April 11, 2017 18:41
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EURUSD Forecast    
The EURUSD had another indecisive movement yesterday. The bias is neutral in nearest term. Overall price is still in a short-term bearish phase after a false break above 1.0873 two weeks ago, but needs a clear break below the trend line support as you can see on my H4 below to continue the bearish phase testing 1.0500. Immediate support is seen around 1.0575. A clear break below that area could trigger further bearish pressure testing 1.500 region. Immediate resistance is seen around 1.0630. A clear break above that area could trigger further bullish pressure testing 1.0700 area. Overall I remain neutral.


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