EURUSD Forecast    
The EURUSD continued its bearish momentum yesterday bottomed at 1.0630. The bias remains bearish in nearest term testing 1.0600 – 1.0500 region as a part of the bearish scenario after broke below the bullish channel as you can see on my H1 chart below. Immediate resistance is seen around 1.0670/80. A clear break above that area could lead price to neutral zone in nearest term testing 1.0725 area or higher but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell. All eyes will be on the FOMC Meeting Minutes which is expected to be a market catalyst.

eurusdhourly

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.