EURUSD Forecast    
The EURUSD had a bullish momentum yesterday and hit 1.1262 earlier today. The bias is bullish in nearest term testing 1.1300 area. Immediate support is seen around 1.1200. A clear break below that area could lead price to neutral zone in nearest term testing 1.1130 area. As you can see on my H4 chart below price is still moving inside a triangle formation suggests a consolidation phase. My major technical outlook remains neutral and I still prefer to stand aside for now. Price also still moving inside a bullish corrective channel and the lower line of the bullish channel remains a good place to buy with a tight stop loss below the channel. Potential daily range today is seen between 1.1130 – 1.1300.

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.