EURUSD Forecast    
The EURUSD was indecisive yesterday. The bias remains neutral in nearest term. The bullish engulfing scenario remains intact, but need a clear break above the trend line resistance and 1.1400 resistance area to resume the bullish correction testing 1.1500 key resistance area. Immediate support is seen around 1.1305. A clear break below that area could trigger further bearish pressure testing 1.1270 region but key support remains at 1.1215 (tweezer bottom). Overall I still prefer a bearish scenario as long as the pair stay below 1.1500.

eurusddaily

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply