EURUSD Forecast    
The EURUSD was indecisive yesterday. The bias remains neutral in nearest term. Potential daily range today  remains between 1.1150 – 1.1300. We need a clear break from that range area to see clearer direction. My overall technical outlook remains neutral but as long as stays below 1.1300 I prefer a bearish scenario at this phase after the false breakout above the daily EMA 200 last week targeting 1.1000 region.  On the upside, a clear break and daily close back above 1.1300 could trigger further bullish pressure testing 1.1400/50 area.

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.