Tue, 22th of April, 2008

By Setyo Wibowo (analyst@fxinstructor.com)

EURUSD Outlook

Yesterday, the EURUSD continued it’s bullish momentum after corrected on Friday. My model is long, targeting psychological 1.6000 area. Immediate support seen at 1.5860 followed by 1.5790. CCI in overbought area on daily chart, so another minor downside pullback might be happened today.

EURUSD Daily Supports and Resistances: [...]