EURUSD Daily Forecast Apr 14 2017

EURUSD: Continues To Consolidate Below 1.0675!

EURO - dollar - 5468

EURUSD: Continues To Consolidate Below 1.0675!

Outlook in EURUSD remains neutral with risk to the downside, resistance comes at the 1.0675 levels while support comes at the 1.0604 levels…

On the upside, the EURUSD will have to break and hold above the 1.0675 levels on a daily closing basis to push the market for further upside gains, If seen, the pair will face recovery threats to the 1.0768 levels (main), a halt is likely and a reversal may occur, however; above 1.0768 will extend recovery to the 1.0872 levels.

Alternatively, a failure to hold above the 1.0675 levels on a daily closing basis could mean a return to the 1.0604 levels where a cut would open the 1.0569 levels, further down, support stands at the 1.0480 levels ahead of the 1.0380 levels…

Conclusion: The EURUSD continues to consolidate below the 1.0675 levels with risk to break lower….

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