EURUSD Forecast    
The EURUSD had another indecisive movement last week. Price slipped below 1.1125 key support but closed higher 1.1199. The bias is neutral in nearest term probably with a little bullish bias testing the trend line resistance located around 1.1275 area. A clear break and daily close above that area would expose 1.1350 which remains a good place to sell. On the downside, 1.1125 remains a key support. A clear break and daily close below that area could trigger further bearish pressure testing 1.1050 – 1.1000. Overall I remain neutral.

eurusdh4

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.