EURUSD Daily Forecast: April 22 2016
EURUSD Forecast
The EURUSD attempted to push higher yesterday topped at 1.1397 but whipsawed to the downside and closed lower at 1.1286. The bias is bearish in nearest term testing H4 EMA 200 located around 1.1250 as you can see on my H4 chart below. A clear break and daily/weekly close below that area could trigger further bearish pressure next week testing 1.1065 area. Immediate resistance is seen around 1.1325. A clear break above that area could lead price to neutral zone in nearest term testing 1.1400 region. My major technical outlook remains neutral.
