EURUSD Monthly Forecast Apr 2015

Outlook in EURUSD remains on the downside as long as 1.1096 resistance holds on a monthly closing basis , support comes at the 1.0300 levels , a halt is likely , but a cut would open 0.9300 next , further down will target the 0.8200 levels.

On the upside , resistance comes at the 1.1096 levels , break of 1.1096 levels on a monthly closing basis will turn outlook neutral and bring consolidation below the 1.2096 levels before the next fall………however ;If the pair manage to take out the key resistance 1.1096 on a monthly closing basis , we need to evaluate pair’s activities to find possible turning points below / around the 1.2096 levels…

In all , as long as 1.1096 resistance holds on a monthly closing basis , long term outlook in EURUSD remains on the downside towards the 1.0300 levels ahead of the 0.9300 levels, above the 1.1096 levels faces a limited gains below the 1.2096 levels …

 

EURUSD Monthly Forecast Apr 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS