EURUSD Daily Forecast: April 26

EURUSD Forecast
The EURUSD had a bullish momentum yesterday topped at 1.0949. The bias is bullish in nearest term testing 1.1000 – 1.1050 area. Immediate support is seen around 1.0900. A clear break back below that area could lead price to neutral zone in nearest term testing 1.0850. Price is in a tricky phase now. The gap as a result of fundamental event sometimes filled, which means we could see again the pre-gap level at 1.0730 this week. Any sustained movement below 1.0850 should support this scenario. On the other hand, a clear break and daily close above 1.1000 – 1.1050 could be an early signal of a new bullish trend which could mean that we may not see the pre-gap level again in the next few weeks or months.