Tuesday, April 21, 2015

"EUR/USD Mid-Day Outlook"

We're still betting lower although on the shorter term charts a series of higher lows may be emerging.
107.63 last.

From Action Forex:
Intraday bias in EUR/USD stays neutral for the moment. Consolidation pattern from 1.0461 is still in progress and stronger recovery cannot be ruled out. But near term outlook stays bearish as long as 1.1096 support turned resistance holds and downside breakout is expected. Below 1.0461 will extend larger down trend to next fibonacci level at 1.0283....MORE
 EUR/USD 4 Hours Chart