EURUSD Forecast    
The EURUSD continued its bullish momentum yesterday topped at 1.0984. The bias remains bullish in nearest term testing 1.1050. A clear break and daily close above that area could trigger further bullish pressure testing the trend line resistance and 1.1200 area. Immediate support is seen around 1.0925. A clear break below that area could lead price to neutral zone in nearest term testing 1.0850 but key support remains around 1.0800 which need to be clearly broken to the downside to confirm the rounding top bearish scenario testing 1.0700 – 1.0500 area. My major technical outlook remains neutral.

eurusdh4

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.