At the New York open the EURUSD has broken out of the 4 hour pennant to the upside and we are now waiting for a break above the previous high at 1.12953 to confirm a bullish bias for today’y New York trading session.

Update

The Fibonacci study of this move shows the EURUSD now testing resistance at the 23.6 retracement level. At the time of writing this article, price has just broken above the 23.6.

The Target for a bullish move today will be the 50% Fibonacci retracement at 1.13500 and the 61.8% Fibonacci retracement level at 1.13762.

EURUSDH1 Fibo Update

EURUSDH1 Fibo Update Close

Daily R1 is currently providing resistance at 1.1295

EURUSDM5 Daily R1

To update, we now have a 4 hour higher high two hours into the New York Session….

EURUSDH1 break update

 

Kind Regards,

Tyler Lund

U.S. Dollar Analyst, FOREX.TODAY

2 thoughts on “EURUSD NEW YORK OUTLOOK APRIL 15TH”

  1. John Howell says:

    thank you Tyler , its late and hard to tell fibs from MA s , too much whiskey but look forward to future posts 🙂

  2. Jim Reddihough says:

    Thanks Tyler. EUR is trading in very narrow daily range still.

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