EURUSD Forecast
The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. The bearish pin bar scenario on H4 chart remains valid but need a clear break at least below 1.2340 to send the pair lower retesting 1.2298 support area. On the upside, a clear break above 1.2413 (the “tail” of the bearish pin bar) would invalidate the bearish pin bar scenario testing 1.2475 region. Overall, as long as stay above 1.2175 my major technical outlook remains to the upside, but need a clear break above 1.2537 key resistance to end the current consolidation phase and resume the major bullish trend.

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.