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EURUSD Daily Forecast: April 14

EURUSD Forecast    
The Eurusd failed to continue its bullish momentum yesterday after unable to break above the H4 EMA 200 resistance as you can see on my H4 chart below. Price is now retesting the trend line support which remains a good support and place to buy with a tight stop loss as a clear break below the trend line support and 1.0575 area would expose 1.0500 region as a part of the bearish continuation scenario after the false break above 1.0873. The bias is bearish in nearest term. Immediate resistance is seen around 1.0650. A clear break above that area could lead price to neutral zone in nearest term retesting the H4 EMA 200 and 1.0700 region. Overall I remain neutral.

eurusdh4



This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here

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EURUSD Daily Forecast: April 14

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