EURUSD Forecast    
The EURUSD was indecisive yesterday but overall still able to maintain its bullish correction bias since the Brexit referendum. The bias remains bullish in nearest term but as long as stay below 1.1200 I still prefer a bearish scenario at this phase targeting 1.0700. Immediate support is seen around 1.1100. A clear break below that area could lead price to neutral zone in nearest term testing 1.1050 area. On the upside, a clear break and daily close above 1.1200 would activate my wait and see mode as direction would become unclear testing 1.1300 – 1.1400 area.

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.