EURUSD Daily Forecast: April 07 2016
The EURUSD had another indecisive movement yesterday. Price slipped below 1.1335 but closed higher at 1.1397. The bias remains neutral in nearest term. Potential daily range today is seen between 1.1500 – 1.1335. As long as stay above 1.1335 price is still in a bullish phase testing 1.1500 which remains a good place to sell with a tight stop loss. On the downside, a clear break and daily close below 1.1335 could trigger further bearish pressure testing 1.1250 or lower. My major technical outlook remains neutral.