EURUSD Forecast    
The EURUSD bullish momentum was stalled just below the daily EMA 200 (1.1580) yesterday as you can see on my daily chart below. The bias is neutral in nearest term. Price is still able to hold above 1.1500 key resistance, but need a clear break above 1.1580 – 1.1625 to confirm the new bullish trend targeting 1.1800 area. On the other hand, a clear break and daily/weekly close back below 1.1500 could create a false breakout scenario and keep the bearish trend alive and kicking.


FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply