EURUSD Mid-day Forecast Apr 02 2015


According to the 4-hour chart. The outlook in EURUSD remains neutral with risk to the downside. Resistance comes at the 1.0905 levels. A failure to hold above the 1.0905 levels could mean a return to the 1.0843. A halt could be seen, but a cut will open the 1.0770/1.0712 levels.

The market spiked above 1.0850 levels after positive U.S data, but I think 1.0905 will limit any upside move and bring fall resumption. However, sustained breakout -which is unlikely the next few hours, If seen, It will open the 1.0960 levels…

I think the market will consolidate within 1.0843/1.0905 levels waiting for Non-farm payrolls data tomorrow !!!

EURUSD Mid-day Forecast Apr 02 2015