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EURUSD Daily Forecast: April 17

EURUSD Forecast    
The Eurusd was indecisive last week. Price traded in narrow range, topped at 1.0677 but closed lower at 1.0610. The bias is neutral in nearest term. Price is still in a bearish phase since the false break above 1.0873 but the trend line support still holds so far, as you can see on my H4 chart above. Immediate resistance is seen around 1.0650. A clear break above that area could trigger further bullish pressure testing 1.0700 region. On the downside, a clear break and daily close below the trend line support and 1.0575 would expose 1.0500 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 17

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