EURUSD Daily Forecast: April 27 2016
EURUSD Forecast
The EURUSD attempted to push higher yesterday topped at 1.1339 but closed lower at 1.1295. The bias is neutral in nearest term. Immediate resistance is seen around a trend line resistance located around 1.1350/70 area as you can see on my H4 chart below. A clear break and daily close above that area could trigger further bullish pressure testing 1.1500 region. Immediate support is seen around 1.1250 (H4 EMA 200). A clear break and daily close below that area could trigger further bearish pressure testing 1.1150 before testing 1.1065. My major technical outlook remains neutral.
