EURUSD Daily Forecast Apr 21 2017

EURUSD: Faces Pullback Threats On Price Failure!

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EURUSD: Faces Pullback Threats On Price Failure!

With a sharp fall occurring around 1.0770 levels yesterday, further downside is likely in the coming days. Immediate support comes at the 1.0707 levels where a break If seen will aim the 1.0635 levels. Price hesitation may occur here but if this is taken out, more downside pressure is likely towards the 1.0604 levels. A break of here will pave the way for a run to the 1.0659 levels and possibly¬†lower…

On the upside, resistance¬†comes at the 1.0770 levels, a break of here will extend gains towards the 1.0835 levels, further upside, resistance comes at the 1.0905 levels…

Conclusion: The EURUSD continues to face upside threats above the 1.0636 levels despite recent hesitation…

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