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EURUSD Daily Forecast: April 16

EURUSD Daily Forecast: April 16
Tuesday, April 16th, 2019 @ 4:14 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 bullish momentum stalled at 1.1325 and slipped below 1.1300 earlier today in Asian session. The bias is neutral in nearest term. Price is still in a bullish phase following another false breakout below 1.1215 support area but need a break above 1.1325 to resume the bullish run retesting 1.1400 region which is a good place to sell. Immediate support is seen around 1.1285. A clear break below that area could trigger further bearish pressure testing 1.1250 but key support remains at 1.1215 which remains a good place to buy with a tight stop loss as a clear break below that area would resume the major bearish trend.


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