EURUSD Forecast    
The EURUSD had a bearish momentum last week bottomed at 1.0911 but closed higher at 1.1099 in a global market chaos after the people of UK decided to leave the EU. Technically speaking, price broke below my bullish channel as you can see on my daily chart below suggests a bearish view targeting 1.0700 this week. Immediate resistance is seen around 1.1100. A clear break above that area could lead price to neutral zone in nearest term but only a clear break back above 1.1200 (daily EMA 200) could interrupt the current bearish view.


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.