EURUSD Forecast    
The EURUSD had a significant bullish momentum yesterday broke above 1.1500 key resistance and hit 1.1569 earlier today in Asian session. The bias is bullish in nearest term testing 1.1580 – 1.1625 major resistance. A clear break and daily close above that area would invalidate the major bearish trend targeting 1.1800 area. Immediate support is seen around 1.1500. A clear break and daily close below that area would create a false breakout scenario and keep the major bearish trend alive and kicking.

eurusddaily

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.