EURUSD Forecast
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Price is moving sideways between 1.1650 – 1.1530 range area as you can see on my H4 chart below and we need a clear break from that range area to see clearer direction. As long as stay below 1.1733 I still prefer a bearish scenario but need a clear break below 1.1530 to resume the bearish phase targeting 1.1430/00 area. On the upside, a clear break and daily close above 1.1650 would retest 1.1733 region. 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.