EURUSD Forecast    
The EURUSD was indecisive yesterday but still able to move below 1.1000 and H1 EMA 200 as you can see on my H1 chart below. The bias remains bearish in nearest term testing 1.0900. Immediate resistance is seen around 1.1000 – 1.1025. A clear break back above that area could lead price to neutral zone in nearest term testing 1.1100 but key resistance remains around 1.1200. On the downside, a clear break and daily close below 1.0900 could trigger further bearish pressure targeting 1.0700 region. As long as stay below 1.1200 I remain bearish.


FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply