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EURUSD Daily Forecast: October 11

Monday, October 10, 2016 18:31
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EURUSD Forecast    
The EURUSD had a bearish momentum yesterday and now retesting 1.1125 key support as you can see on my H4 chart below. The bias is bearish in nearest term especially if price able to make a clear break below 1.1125 testing 1.1050 – 1.1000 region. Immediate resistance is seen around 1.1180. A clear break above that area could lead price to neutral zone in nearest term testing the trend line resistance and 1.1250/75 region. Overall I remain neutral.

eurusdh4

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