Tuesday 19 April 2016

Technical analysis of EUR/USD for April 19

EUR/USD was indecisive yesterday. The bias is neutral in nearest term but as long as the pair stay below 1.1335, the bearish scenario remains at this phase. The nearest support is 1.1275. A clear break below it could trigger further downside pressure for testing 1.1200. On the upside, a clear break and daily close above 1.1335 will become a threat to the bearish scenario re-testing 1.1500. The main technical outlook remains neutral.


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