EURUSD Daily Forecast Apr 07 2015

Outlook in EURUSD remains neutral at the moment . On the upside , resistance comes at the 1.1031/1.1051 levels , sustained breakout above the 1.1036/1.1051 levels will open 1.1182 levels , a halt is likely , but a break would open 1.1315 /1.1379 next , further upside will pave the way towards the 1.1539 levels.

On the downside , support comes at the 1.0970 / 1.0855 levels , losing both levels will open main support level around 1.0712 levels , we might see hesitation but a clear break below this level will restore the downside momentum and open the 1.0580/1.0461 levels .

In all , the EURUSD is likely to consolidate within 1.0712/1.1051 range before the next move , above 1.1051 will open 1.1182 before the next possible fall , below 1.0766 will restore the downside momentum and open the 1.0850/1.0461 levels..

Intraday : Note that stability below 1.0900 levels will build strong pressure on the 1.0855 levels…

 

EURUSD Daily Forecast Apr 07 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS