EURUSD Daily Forecast: April 27 2016
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.