EURUSD Forecast    
The EURUSD failed to continue its bullish momentum yesterday. Overall I remain bullish but need a clear break above 1.1265 to continue the bullish scenario targeting 1.0300 – 1.0350 area. The bias is neutral in nearest term. Immediate support is seen around 1.1160. A clear break below that area could trigger further bearish pressure testing 1.1100 – 1.1080 which remains a good place to buy with a tight stop loss as a clear break below 1.1080 would interrupt the bullish outlook and expose 1.1000 region or lower.Fundamental focus today will be on the US NFP release.


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.