EURUSD Forecast    
The EURUSD attempted to push lower last week slipped below the lower line of the bullish channel as you can see on my daily chart below but whipsawed to the upside, closed higher at 1.1276 and gapped higher, opened at 1.1331 and hit 1.1357 earlier today.  The bias is bullish in nearest term testing 1.1400 – 1.1470. Immediate support is seen around 1.1285. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear but key support remains around the lower line of the bullish channel which remains a good place to buy.

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.