EURUSD Daily Forecast Apr 20 2015

Outlook in EURUSD remains neutral , the pair is in recovery mode as long as trades above 1.0706 levels on a daily closing basis , resistance comes at the 1.0886 levels , a halt is likely , but a clear break would open 1.1036/1.1051 next ,further upside will aim the 1.1182 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…

Intraday support comes at the 1.0742 levels , stability above this level on a 4 hour closing basis could mean a return to the 1.0848 levels , a clear break below the 1.0742 levels will build strong pressure on the 1.0706 levels..

EURUSD Daily Forecast Apr 20 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS