EURUSD Daily Forecast: April 07

By @ibtimes on

EURUSD Forecast

The EURUSD finally made a breakout above the range area after two weeks of consolidation as you can see on my h4 chart below. This fact should continue the major bullish scenario targeting 1.4400 – 1.4500 area this week. On the downside, immediate support at 1.4281/50. Another consistent move and daily close below that support level would lead us back to neutral zone, even could create a false breakout bearish scenario testing 1.4150 – 1.4035 support area.

©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.

.

Join the Discussion