EURUSD Daily Forecast: April 21 2016

EURUSD Daily Forecast: April 21 2016

21 April 2016, 06:50
Roberto Jacobs
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EURUSD Daily Forecast: April 21 2016

EURUSD Forecast  

The EURUSD failed to continue its bullish momentum yesterday bottomed at 1.1290. The bias is bearish in nearest term testing 1.1250 located around the H4 EMA 200 as you can see on my H4 chart below. A clear break and daily close below that area could trigger further bearish pressure testing 1.1150 or lower. Immediate resistance is seen around 1.1330. A clear break above that area could lead price to neutral zone in nearest term testing 1.1400 area. My major technical outlook remains neutral/unclear.

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