EURUSD Forecast
The EURUSD continued its bearish momentum yesterday bottomed at 1.1464. The bias is bearish in nearest term. The fact that the pair dropped convincingly below 1.1530 would trigger further bearish pressure targeting 1.1430 before retesting 1.1300 region. Immediate resistance is seen around 1.1530. A clear break back above that area could lead price to neutral zone in nearest term but overall I remain bearish as  a part of the bearish scenario triggered by the appearance of a bearish pin bar at EMA 200 on September 24 as you can see on my daily chart below and any upside pullback should be seen as a good opportunity to sell.


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.