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EURUSD Daily Forecast: April 19

EURUSD Daily Forecast: April 19
Monday, April 19th, 2010 @ 2:42 am by Setyo Wibowo

About Setyo Wibowo:

Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

About Me My Articles

EURUSD Forecast:
The EURUSD had a bearish momentum on Friday, bottomed at 1.3472 and closed at 1.3508. The bullish scenario after price violated the major bearish channel remains intact but clearly has started to lose some momentum. Immediate support at 1.3450/35 area. Consistent move below that area should trigger further bearish pressure re-testing 1.3267 key support area even 1.3100 this week. Initial resistance at 1.3540 area. Break above that area should keep the bullish scenario intact testing 1.3620 and 1.3691 area.

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