EURUSD Daily Forecast: April 28 2016
EURUSD Forecast
The EURUSD was indecisive yesterday. Price attempted to push higher, topped at 1.1361 but closed lower at 1.1319 after touched my trend line resistance as you can see on my H4 chart below. The bias remains neutral in nearest term. Immediate support is seen around 1.1250. A clear break and daily close below that area could trigger further bearish pressure testing 1.1150 before testing 1.1065. Immediate resistance is seen around 1.1361 (yesterday’s high). A clear break and daily close above that area could trigger further bullish pressure testing 1.1500 region. My major technical outlook remains neutral and from a daily chart perspective we have some potential strong resistances between 1.1500 – 1.1700 area.
