EURUSD Forecast April 15 - 19

The Blue Continent Currency extended its bull run but got stopped by critical resistance at 1.3133 and closed at 1.3101 . Fundamentally, the euro zone has got its work cut out with the current unemployment rate standing at 12% and fears of recession in Germany. Technically, the last 2 bullish weeks has not got enough strength to push beyond 1.3155 , last year’s first retracement level from its high. So, we may see a tour of the south side when the critical resistance at 1.3155 manages to hold. With a head and shoulders forming, the first target is at 1.2945 , thereafter , 1.2765 , and ultimately , 1.2695 .

Sang Matauang Benua Biru, telah melanjutkan larian banteng tetapi terhambat oleh resistan kritis di level 1.3133 , lalu menutup di level 1.3101 . Secara fundamental, daerah eropa masi dalam zona kritis karena tingkat pengangguran sudah mencapai 12 % dan adanya kekhawatiran bahwa Jerman akan menghadapi resesi. Secara teknikal, 2 minggu yang bullish masih kurang tenaga untuk melewati level 1.3155 , yaitu level retracement pertama dari tertinggi tahun lalu. Jadi, kita akan melihat sang Euro berwisata ke daerah selatan apabila ia tidak mampu melewati resistan kritis di level 1.3155 . Dengan adanya bayangan pola head and shoulders, maka sasaran di bawah berada di level 1.2945 ,kemudian di level 1.2765 dan sasaran pamungkas berada di level 1.2695 .