EURUSD Daily Forecast Apr 19 2019

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EURO - dollar - 65985-

EURUSD: Bearish Eyes The 1.1200 levels

The EURUSD maintained a bearish momentum yesterday. Topped at 1.1303, bottomed at 1.1225 level. This development leaves the pair targeting the 1.1195 levels. A halt is likely. It may test 1.1225 before another down. However; below 1.1195 opens 1.1165 level. Next support comes at 1.1125 level ahead of 1.1095 level.

On the upside, immediate resistance comes at 1.1251 level. Above that level sees limited gains to 1.1278/1.1303 levels. Above that level sees recovery threats to 1.1341/1.1372 levels.

Conclusion: The EURUSD sees downside threats below 1.1303 level.

Support: 1.1125, 1.1195, 1.1165, 1.1125, 1.1095

Resistance: 1.1251, 1.1278, 1.1303 (main), 1.1341, 1.1372

Key data-events which may affect EURUSD today:

The U.S will report on Building Permits for (Mar) today at 12:30 GMT. But As today is a holiday -Good Friday- in the United States and Europe, low volatility is expected.