EURUSD Daily Forecast Apr 17 2015

Outlook in EURUSD has turned neutral , the pair remains in recovery mode as long as trades above 1.0706 levels on a daily closing basis , resistance comes at the 1.0762 levels , a halt is likely , but a clear break would open 1.0886 next ,further upside will aim the 1.1036 levels ..

On the downside , support comes at the 10706 levels , sustained breakout below this level will restore the downside momentum and open 1.0618 ahead of 1.0531/1.0461 levels …

In all as long as 1.0706 support holds on a daily closing basis , the EURUSD remains on recovery mode and further upside couldn’t be ruled out , but watch out for the key resistance 1.0762/1.0885 , sustained breakout below 1.0706 will restore the downside momentum and open  1.0530/1.0460 levels…

EURUSD Daily Forecast Apr 17 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS