EURUSD Forecast    
The EURUSD attempted to push higher yesterday, slipped above the trend line resistance and 1.1400 resistance as you can see on my daily chart below but whipsawed to the downside and closed lower at 1.1342, printed a bearish pin bar. The bias is bearish in nearest term testing 1.1270 support area. A clear break and daily close below that area would retest 1.1215 key support area (tweezer bottom). On the upside, we need a clear break above 1.1418 to invalidate the bearish pin bar scenario testing 1.1500 key resistance area.

eurusddaily

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply