EURUSD Forecast    
The EURUSD was indecisive yesterday. Price slipped below 1.1000 but still unable to make a clear break below that support area so far. Overall price is still trapped inside range area of 1.1200 – 1.1000 as you can see on my daily chart below but I am expecting an imminent breakout. The bias is neutral in nearest term. Immediate resistance is seen around 1.1050 followed by 1.1100 but key resistance remains around 1.1200. Overall I remain bearish but need a clear break below 1.1000 to continue the bearish scenario targeting 1.0700 region.

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.