EURUSD Forecast    
The EURUSD was corrected higher yesterday topped at 1.0763. The bias is bullish in nearest term. As you can see on my H1 chart below price is in my “sell zone”, an area with at least three resistances: The lower line of the bullish channel (number 1), the trend line resistance (number 2), and the H1 EMA 200 (number 3), which is a good place to sell targeting 1.0500 with a tight stop loss above the trend line resistance. Immediate support is seen around  1.0690. A clear break below that area could lead price to neutral zone in nearest term testing 1.0650/30 key support area. On the upside, a clear break and daily/weekly close above the trend line resistance and 1.0770 could trigger further bullish correction next week testing 1.0900 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.