EURUSD Forecast
The EURUSD had a bullish momentum yesterday topped at 1.1616 after bounced-off 1.1530 support area. The bias is bullish in nearest term testing 1.1650 but as long as stay below 1.1733 I still prefer a bearish scenario at this phase. Immediate support is seen around 1.1570. A clear break below that area could lead price to neutral zone in nearest term retesting 1.1530 key support which need to be clearly broken to the downside to resume the bearish scenario. 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.