EURUSD Daily Forecast: April 20 2016

EURUSD Daily Forecast: April 20 2016

20 April 2016, 05:49
Roberto Jacobs
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EURUSD Daily Forecast: April 20 2016

EURUSD Forecast  

The EURUSD had a bullish momentum yesterday closed back above 1.1335. Price bounced higher after touched H4 EMA 200 as you can see on my H4 chart below. The bias is bullish in nearest term testing 1.1500 but I am not in a bullish mode. Not yet. My major technical outlook remains neutral and we have potential strong resistances between 1.1500 – 1.1700 region. Immediate support is seen around 1.1335 – 1.1300. A clear break back below that area could lead price to neutral zone in nearest term testing 1.1230/00 area.

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