EURUSD Daily Forecast Apr 20 2017

EURUSD: Outlook Remains Higher, Eyes The 1.0770 Levels!

Forex-big 65985

EURUSD: Outlook Remains Higher, Eyes The 1.0770 Levels!

Outlook in EURUSD remains on the upside as long as 1.0636 support holds on a daily closing basis, resistance comes around 1.0770 levels. A halt is likely and it may turn lower from here, but if that fails, more upside will develop to the 1.0838 levels, further upside, resistance comes at the 1.0905 levels.


On the downside, immediate support comes around 1.0700 levels ahead of 1.0636 levels (main), below that level will terminate recent rise and turn the focus on the 1.0604/1.0569 levels.

Conclusion: The EURUSD continues to face upside threats above the 1.0636 to the 1.0770 levels, below 1.0636 faces a fall risk to the 1.0604/1.0569 levels…