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EUR/USD : Daily Analysis from Forex Instructor

alisha_nabila

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Assalamualaikum everyone,

For you information, we are from FXCL Markets Ltd. and we would like to share our analysis for EUR/USD with our partner FX Instructor http://fxinstructor.com/en/ to you.

Hopefully with this daily analysis, it can help you in making the right decisions and also increase your profits in Forex trading.

Final words from us, good luck!

FXCL (Excellence In Trading)

https://ms.fxclearing.com/
https://www.facebook.com/FXCL.Malay/
 
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EUR/USD Forecast. 4/4/2016

The EURUSD had a bullish momentum last week topped at 1.1437.

The bias is neutral in nearest term probably with a little bullish bias testing 1.1500 area which remains a good place to sell with a tight stop loss.

Immediate support is seen around 1.1335. A clear break and daily close below that area could trigger further bearish pressure testing 1.1250 area or lower.

Our major technical outlook remains neutral.
 

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EURUSD Forecast. 6/4/2016

The EURUSD had another indecisive movement yesterday.

The bias remains neutral in nearest term. As long as stay above 1.1335 price is still in a bullish phase testing 1.1500 which remains a good place to sell with a tight stop loss. On the downside, a clear break and daily close below 1.1335 could trigger further bearish pressure testing 1.1250 or lower.

The major technical outlook remains neutral.

:)cgrock
 
EURUSD Forecast. 7/4/2016

EU742016_zpsc6f60833.png

The EURUSD had another indecisive movement yesterday.

Price slipped below 1.1335 but closed higher at 1.1397. The bias remains neutral in nearest term. Potential daily range today is seen between 1.1500 – 1.1335. As long as stay above 1.1335 price is still in a bullish phase testing 1.1500 which remains a good place to sell with a tight stop loss. On the downside, a clear break and daily close below 1.1335 could trigger further bearish pressure testing 1.1250 or lower.

The major technical outlook remains neutral.
 
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EURUSD Forecast. 8/4/2016

EU842016_zps99cbbb37.png

The EURUSD had another indecisive movement yesterday. We have five consecutive Dojis as you can see on my daily chart below suggests a consolidation phase.

The bias remains neutral in nearest term. Potential daily range today remains between 1.1500 – 1.1335. As long as stay above 1.1335 price is still in a bullish phase testing 1.1500 which remains a good place to sell with a tight stop loss. On the downside, a clear break and daily/weekly close below 1.1335 could trigger further bearish pressure testing 1.1250 or lower next week.

My major technical outlook remains neutral.
 
EURUSD Forecast. 11/4/2016

EU1142016_zps11512876.png

The EURUSD was indecisive last week. Price trapped between 1.1450 – 1.1335 range area. The bias is neutral in nearest term.

We need a clear break from the range area to see clearer direction. A clear break and daily close above 1.1450 – 1.1500 could trigger further bullish pressure testing 1.1600 or higher.

On the other hand, a clear break and daily close below 1.1335 could trigger further bearish pressure testing 1.1250 or lower. My major technical outlook remains neutral.
 
EURUSD Forecast. 12/4/2016

EU1242016_zpsb17d719b.png

The EURUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term.

As you can see on my daily chart below we have a group of Doji candlestick/pin bar formation suggests a consolidation phase in a range area between 1.1500 – 1.1335. We need a clear break from that range area to see clearer direction. A clear break and daily close above 1.1500 could trigger further bullish pressure testing 1.1600 or higher.

On the other hand, a clear break and daily close below 1.1335 could trigger further bearish pressure testing 1.1250 or lower. I will stand aside for now.
 
EURUSD Forecast. 13/4/2016

EU1342016_zps56cbec64.png

The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term.

We need a clear break above 1.1500 or below 1.1335 to see clearer direction. Sell around 1.1500 or buy around 1.1335 with a tight stop loss can be a good idea for aggressive intraday traders. A clear break and daily close above 1.1500 could trigger further bullish pressure testing 1.1600 or higher.

On the other hand, a clear break and daily close below 1.1335 could trigger further bearish pressure testing 1.1250 or lower. I still prefer to stand aside for now.
 
EURUSD Forecast. 15/4/2016

EU1542016_zps4fadfe5d.png

The EURUSD was indecisive yesterday. The bias remains bearish in nearest term testing 1.1200 – 1.1150 area before targeting 1.1065 region.

Immediate resistance is seen around 1.1290. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 1.1335 I still prefer a bearish scenario at this phase.

My major technical outlook remains neutral.
 

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