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EURUSD Daily Forecast: April 30

EURUSD Daily Forecast: April 30
Wednesday, April 30th, 2014 @ 4:09 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 had a bearish momentum yesterday after formed a double top formation at 1.3878 as you can see on my hourly chart below. The bias is bearish in nearest term testing 1.3780 – 1.3750. A clear break and daily close below that area could trigger further bearish scenario. Immediate resistance is seen around 1.3850. A clear break back above that area could trigger further bullish pressure testing 1.3878 – 1.3900.

eurusdhourly

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