EURUSD Forecast
The EURUSD attempted to push higher yesterday, slipped above 1.1725 but closed lower at 1.1697. The bias is neutral in nearest term and price is still trapped inside the range area as you can see on my H1 chart below. Selling around 1.1725/50 is still a good plan with a tight stop loss as a clear break and daily close above 1.1725 could trigger further bullish correction testing 1.1825 region. On the downside, a clear break and daily close below 1.1640 would reactivate my bearish mode retesting 1.1510/20 region.

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.