EURUSD Forecast    
The EURUSD was indecisive yesterday. The bias remains neutral in nearest term. Immediate resistance remains around 1.1070. A clear break above that area could trigger further bullish pressure testing 1.1150 area. On the downside, the lower line of the bullish channel remains a key support at this phase. A clear break below the bullish channel and 1.1000 support area would activate my bearish mode targeting 1.0800 area. Fundamental focus will be on the FOMC statement which expected to be a market catalyst.

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.