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EURUSD Daily Forecast: April 29

EURUSD Daily Forecast: April 29
Tuesday, April 29th, 2014 @ 3:59 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 attempted to push higher yesterday topped at 1.3878. The bias is bullish in nearest term testing 1.3900 before testing 1.4000. Immediate support is seen around 1.3835. A clear break below that area could lead price to neutral zone in nearest term testing 1.3800 – 1.3780. The ascending triangle bullish scenario on daily chart remains valid and I still prefer a bullish scenario at this phase.


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