EURUSD Forecast    
The EURUSD had another indecisive movement yesterday. It’s been a boring market as price is moving sideways without clear direction. Range-bound trading, buying around support or selling around resistance is the best strategy in this kind of market. The bias remains neutral in nearest term. Immediate support is seen around 1.1180. A clear break below that area could trigger further bearish pressure testing 1.1125 which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1275. A clear break above that area could trigger further bullish pressure testing 1.1350 which remains a good place to sell with a tight stop loss. Overall I remain neutral.

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.