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EURUSD Daily Forecast: October 17

Sunday, October 16, 2016 21:03
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EURUSD Forecast    
The EURUSD had a bearish momentum last week bottomed at 1.0970 after broke below 1.1125 key support. The bias is bearish in nearest term testing 1.0910 but as you can see on my H4 chart below price is in my “buy zone” with a tight stop loss below 1.0910. Immediate resistance is seen around 1.1000. A clear break above that area could lead price to neutral zone in nearest term testing 1.1050 or higher. Overall I remain neutral.

eurusdh4

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