EURUSD Forecast    
The EURUSD had a bearish momentum last week closed below 1.1000 key support as you can see on my daily chart below. The bias is bearish in nearest term testing 1.0900. A clear break and daily close below that area could trigger further bearish pressure targeting 1.0700 this week. Immediate resistance is seen around 1.1000. A clear break above that area could lead price to neutral zone in nearest term testing 1.1050 region but key resistance remains around 1.1200. Overall I still prefer a bearish scenario.

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.