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EURUSD Daily Forecast: April 12

EURUSD Daily Forecast: April 12
Friday, April 12th, 2019 @ 3:42 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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EURUSD Forecast
The EURUSD had a moderate bearish momentum yesterday but overall still able to maintain its bullish bias since the false break below 1.1215 and hit 1.1292 earlier today in Asian session. The bias remains bullish in nearest term testing 1.1300 – 1.1325 region. A clear break and daily/weekly close above that area could trigger further bullish pressure retesting 1.1400 region next week. Immediate support is seen around 1.1250. A clear break below that area could lead price to neutral zone in nearest term retesting 1.1215 key support area which remains a good place to buy.


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