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EURUSD FORECAST FOR THE WEEK OF APRIL 15-20, 2012

EURUSD’s rise from 1.3003 is complete at 1.3384 with risk for further downside extension in the days ahead.  A daily close below 1.3003 will suggest further downside extension is underway targeting 1.2913, 1.2857, 1.2812 and 1.2767 in the days ahead.  As to the upside, a daily open and higher close above 1.3187 will turn the neaterm outlook to neutral.

  • Posted by adminfx
  • On April 14, 2012
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