Forex Daily Forecast, Analysis and Prediction

The Federal Funds rate is forecast to be the same, so me must turn to the technicals to find where the EUR/USD might take us today.

Commendable news for consumer confidence on the shores of the United States, will likely see the Dollar gain in value over the Euro at the end of the April 27th trading day.

It looks like bulls are showing enough confidence to climb above support barrier at 1.3371 price level.

No new notable news, forces us to turn to the technicals to find where the EUR/USD will be, around 24 hours from now.

With the good and bad news canceling each other out for the Dollar, the Euro's news is left guiding the EUR/USD upward. Bollinger Bands, Full Stochastics, StochRSI and RSI, all being dead on the floor of their respective windows, will not disagree and enjoy the lift from what they see as a oversold pair.

New support and resistance levels are created, narrow trading range is valid between 1.3495 and 1.3415 price levels.

The technicals are trumped today on the EUR/USD by three mammoth news items, all favoring the Dollar.

The price action showing a wave pattern undulating upward supports a buy. Bollinger Bands, Full Stochastics, StochRSI and RSI each below their centerlines show sentiment could be oversold a bit

Centerlined technical indicators help us turn to the news to aid us in finding where the EUR/USD charts will flow today.

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