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EURUSD Daily Forecast: April 27

EURUSD Daily Forecast: April 27
Thursday, April 27th, 2017 @ 12:09 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 was indecisive yesterday. Price attempted to push lower bottomed at 1.0855 but closed higher at 1.0903. The bias is neutral in nearest term. Immediate support is seen around 1.0850. A clear break below that area could trigger further bearish pressure testing the pre-gap level at 1.0730 region. Immediate resistance is seen around 1.0950 (double top). A clear break and daily close above that area would expose 1.1000 – 1.1050 region. Overall I remain neutral.


One Response to “EURUSD Daily Forecast: April 27”

  1. Sophia Scott says:

    We have to see the closing of the daily candles to establish any trends that are actually present in this pair for the day.

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