EURUSD Forecast    
The EURUSD had a bullish momentum yesterday topped at 1.0637. The bias is bullish in nearest term testing 1.0650 and the trend line resistance which is a good place to sell targeting 1.0500 with a tight stop loss above the trend line resistance as you can see on my H1 chart below. Immediate support is seen around 1.0600. A clear break below that area could lead price to neutral zone in nearest term testing 1.0550 or lower. On the upside, a clear break and daily close above the trend line resistance could trigger further bullish correction challenging 1.0800 region. Fundamental focus will be on the ECB press conference tomorrow and US NFP on Friday.

eurusdhourly

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.