EURUSD Forecast
The EURUSD didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term especially if price able to move consistently below 1.1600 and the H4 EMA 200, testing 1.1550 – 1.1500 region as a part of the bearish phase after broke below the trend line support as you can see on my H4 chart below. Immediate resistance is seen around 1.1650. A clear break and daily close back above that area could lead price to neutral zone in nearest term as direction would become unclear. My major technical outlook remains neutral.

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.