EURUSD Forecast    
The EURUSD didn’t make significant movement yesterday. The bias remains bullish in nearest term testing 1.1200 key resistance which remains a good place to sell with a tight stop loss. As you can see on my daily chart below, price is now struggling around the EMA 200. Immediate support remains around 1.1150. A clear break below that area could lead price to neutral zone in nearest term testing 1.1100 or lower. On the upside, a clear break and daily close above 1.1200 would activate my wait and see mode as direction would become unclear testing 1.1400 region this week.


FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.