EURUSD Daily Forecast: September 11
EURUSD Forecast
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. A quick look at the hourly chart shows a narrow range between 1.3230 – 1.3280. A clear break below 1.3230 could trigger further bearish pressure testing 1.3200 – 1.3170/50. On the other hand, a clear break above 1.3280 could trigger further bullish pressure testing 1.3340/50. Overall as long as stays below 1.3400 I still prefer a bearish scenario at this phase but need a clear break below the daily EMA 200 and 1.3100 key support area to continue the bearish scenario. On the upside, a clear break above 1.3400 would activate my bullish mode testing 1.3500/20 area.
Source: http://www.fxinstructor.com/blog/eurusd-daily-forecast-september-11-3
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