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EURUSD Daily Forecast: April 26

EURUSD Daily Forecast: April 26
Wednesday, April 26th, 2017 @ 2:55 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 bullish momentum yesterday topped at 1.0949. The bias is bullish in nearest term testing 1.1000 – 1.1050 area. Immediate support is seen around 1.0900. A clear break back below that area could lead price to neutral zone in nearest term testing 1.0850. Price is in a tricky phase now. The gap as a result of fundamental event sometimes filled, which means we could see again the pre-gap level at 1.0730 this week. Any sustained movement below 1.0850 should support this scenario. On the other hand, a clear break and daily close above 1.1000 – 1.1050 could be an early signal of a new bullish trend which could mean that we may not see the pre-gap level again in the next few weeks or months.


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