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EURUSD Daily Forecast: September 23

Thursday, September 22, 2016 20:10
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EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.1257 but closed lower at 1.1208. The bias is neutral in nearest term probably with a little bearish bias. As you can see on my H1 chart below we have a rising wedge formation suggests a potential bearish scenario especially if price able to break below the wedge and 1.1180 support area retesting 1.1125 key support. Immediate resistance is seen around 1.1250/75 but key resistance remains around 1.1350. My major technical outlook remains neutral.

eurusdhourly

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  • At present, it’s obvious to see that the pair is very stable with not much movement to really worry about, so that’s why it’s good chance to go for long term trades. I am doing that only, but the best part for me is OctaFX broker, as I am using swap free account with them and I can operate it easily with OctaFX broker with no restrictions at all, so that’s why I am able to work well and this always help me remain calm and relaxed.

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